SPX volume
#1
Posted 21 February 2007 - 05:10 PM
Is there any significance to the steady decline in volume from the beginning of the year to the present?
#3
Posted 21 February 2007 - 05:27 PM
It's not the quantity but the quality of daily volume that counts.Is there any significance to the steady decline in volume from the beginning of the year to the present?
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#4
Posted 21 February 2007 - 05:42 PM
#5
Posted 21 February 2007 - 05:54 PM
It's not the quantity but the quality of daily volume that counts.
From the sector leadership to the buying pressure (in terms of trins), I don't see any quality that you are mentioning in this rally...
#6
Posted 21 February 2007 - 05:55 PM
Then you may not be looking hard enough?From the sector leadership to the buying pressure (in terms of trins), I don't see any quality that you are mentioning in this rally...
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#7
Posted 21 February 2007 - 06:10 PM
Edited by xD&Cox, 21 February 2007 - 06:13 PM.
#8
Posted 21 February 2007 - 06:13 PM
http://stockcharts.com/c-sc/sc?s=$NYA&p=W&st=2005-08-01&i=p19700667008&r=6884.png
#9
Posted 21 February 2007 - 06:14 PM
#10
Posted 21 February 2007 - 06:44 PM
Correct...it's the quality of advance/decline plurality of volume that counts the most.It must be a volume quality more arcane than up>down.
This has been something of frustration for many analysts to get their arms around since the summer lows, but the daily volume pattern has been fully consistent to a classic "wall of worry" uptrend - one of which many find hard to believe and refuse to commit to, and at the same time, the sell side can't get any traction in the other direction (because of high liquidity levels), and so we continue to sneak higher because of simple supply and demand factors.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions