Today QLD volume was approximately 3 times the volume at the August low. Does that signify anything in particular? I know I've read several posts that a retest of a low should occur on higher volume in order to be valid. Comments appreciated. Thanks......
Volume Question
Started by
LongJohn
, Jan 09 2008 06:01 PM
5 replies to this topic
#2
SemiBizz
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Volume Dynamics Specialist
Posted 09 January 2008 - 06:16 PM
http://bigcharts.mar...&mocktick=1.gif
Quality of volume to the downside, volume spike lows are almost always tested, such as the one in August. It is an overt sign of weakness... Today's low will be tested.
Quality of volume to the downside, volume spike lows are almost always tested, such as the one in August. It is an overt sign of weakness... Today's low will be tested.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#3
OEXCHAOS
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Mark S. Young
Posted 09 January 2008 - 06:52 PM
But, it's an ETF (derivative and thus untrustworthy), so I'd look at the cash instead.
Mark
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#4
begonia
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Posted 09 January 2008 - 06:53 PM
QLD is becoming much more popular. Look at the volume in the interval between the lows. So you really can't compare volume on subsequent lows.
This is in contrast to the more stable (volume0wise) Q's and spyders -- both exhibiting retests on LOWER volume.
#5
SemiBizz
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Volume Dynamics Specialist
Posted 09 January 2008 - 08:55 PM
But, it's an ETF (derivative and thus untrustworthy), so I'd look at the cash instead.
Mark
Similar pattern of volume on Nasdaq... Crescendo of volume at each successive low.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#6
OEXCHAOS
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Mark S. Young
Posted 10 January 2008 - 07:46 AM
But, it's an ETF (derivative and thus untrustworthy), so I'd look at the cash instead.
Mark
Similar pattern of volume on Nasdaq... Crescendo of volume at each successive low.
I think that the similarity is coincidental. ETF's are new and can be trendy (as in hip vs. TA). I'd not rely upon them.
M
Mark S Young
Wall Street Sentiment
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