InvestorsHub Logo
Followers 184
Posts 10796
Boards Moderated 0
Alias Born 05/30/2007

Re: jfburk post# 110397

Thursday, 10/27/2011 12:27:02 PM

Thursday, October 27, 2011 12:27:02 PM

Post# of 165855
Joe Granville invented an indicator called "On Balance Volume"
in the 1960's and it sums up all daily volume as either plus or minus depending on if the stock is up or down on the day. So
if SRSR is down today then all the volume is considered down or sell volume today.
The best way to decide is to look at the daily chart today and see how the Accumulation/Distribution chart and ON Balance Volume chart look.