This Volume Stuff Works!

This morning I told WSS Premium Subs to >Expect at least a bounce at ES 95700. The low of the day was (drum roll, please...) 95700. Nice bounce from there, too. Not too bad. Mark

Great call, Mark. But you titled your post "This Volume Stuff Works" and then never told us how you used the "volume stuff" to make the call. I'm sure many would like to know what the title of your post refers to in addition to the fact that you made the call. TIA Bullshort

Great call, Mark. But you titled your post "This Volume Stuff Works" and then never told us how you used the "volume stuff" to make the call. I'm sure many would like to know what the title of your post refers to in addition to the fact that you made the call.

TIA

Bullshort

High volume lows get retested.

Edited by dcengr, 03 November 2008 - 09:02 PM.

the argument could just as easily be made that "this moving average stuff works" it bounced right of the converted 20 ema on a 60 minute chart... or this "stochastic" stuff works....as the 10 minute stochastic was severly oversold but wait...perhaps it was the combination of all three!!!

I'm just sayin' I saw the support level, I made a point of telling subs about it *SPECIFICALLY and it was hit. High volume sticks are important. I like the futures for telling us about where the money is flowing. Mark

I'm just sayin' I saw the support level, I made a point of telling subs about it *SPECIFICALLY and it was hit.

High volume sticks are important. I like the futures for telling us about where the money is flowing.

Mark

i hear ya..could you make the argument that 920 should get hit as well..i use esigna and that price point looks like a high volume tic

just curious...

i think the mkt needs to sell off first before going higher

Sentiment said higher on Monday, so you buy the support levels. Fully Long/Fully short ratio had a "Sell Strength" last Thursday and a Buy over the weekend for Monday. That thing is gold. Add in a little Volume analysis and you get safer entries. Mark

Sentiment said higher on Monday, so you buy the support levels.

Fully Long/Fully short ratio had a "Sell Strength" last Thursday and a Buy over the weekend for Monday.

That thing is gold. Add in a little Volume analysis and you get safer entries.

Mark

ya but your best signal the mac d crossover was giving you a sell...so how do you decide which one to follow..

Sentiment said higher on Monday, so you buy the support levels.

Fully Long/Fully short ratio had a "Sell Strength" last Thursday and a Buy over the weekend for Monday.

That thing is gold. Add in a little Volume analysis and you get safer entries.

Mark

ya but your best signal the mac d crossover was giving you a sell...so how do you decide which one to follow..

I went with the primary trend and the hottest sentiment indicator. Plus, add in the context and the upside is favored. That's how I did it.

You know I don't ignore the daily MACD fade very often.

Mark