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Re: Pro-Life post# 62643

Monday, 05/07/2012 10:01:00 PM

Monday, May 07, 2012 10:01:00 PM

Post# of 81578
Without Volume, it is difficult to close a position.

For stock recognition in the real world I believe you will find that volume is equal to price as a necessary component.

A true indication of the direction and strength of a particular security (like CHDO) is found by multiplying the daily volume by the average day's price and comparing the result to the historical data already archived.

The importance of volume is a point that is overlooked by many chartists and helps explain the disastrous predictions that are so common on bulletin boards when the basic tenets of statistical analysis are ignored.


All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. - Arthur Schopenhauer (1788-1860)