Replies to post #121793 on Cascadia Investments (CDIV)

[timmyjames]

oh my gosh, charting that makes sense, unbemanigagable!



but really, very good point

don't let arbitrarily drawn lines fool you, look for the volume

[Skunkdoc]

I sir would be in complete agreement.

[ez2bl8]

I know jack about charts, but that looks to me like we can expect another bullshake relatively soon and then the squeeze (if they follow the same protocol)

Yeah?

[darbyflier]

Volume is only relevant, to me, as a confirming factor in a couple of specific instances. I use price only in my charting patterns. Of course this is a difference between us - you are looking for volume to cover what you believe are naked short. For me, I am a pattern chartist only and volume is not a defining factor in H&S other than it will generally be higher at the beginning ( up to the left shoulder and rise of the head) and declining in the subsequent right shoulder formation. You actually do have that here, but I don't give volume much weight on charting patterns - it is what I was taught. (except to validate breakouts on triangles where expanding volume is an important sign - CDIV had that on the sym. triangle that I was long in previously that took price to .70).