Beware the Volume
#1
Posted 05 October 2007 - 02:10 PM
#2
Posted 05 October 2007 - 02:32 PM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
Posted 05 October 2007 - 02:43 PM
#4
Posted 05 October 2007 - 02:43 PM
Today's volume is in many etfs about 60% of the three month average. Check a few of your favorites. (I suspect a certain bank has been playing in the market again.) Beware sweeping, low volume, rallys at or near a Phi Mate turn date like starting today.
Best, Islander.
that volume stuff has kept ord outa da market the last 2000 pts
#5
Posted 05 October 2007 - 02:45 PM
How does he sell books?Today's volume is in many etfs about 60% of the three month average. Check a few of your favorites. (I suspect a certain bank has been playing in the market again.) Beware sweeping, low volume, rallys at or near a Phi Mate turn date like starting today.
Best, Islander.
that volume stuff has kept ord outa da market the last 2000 pts
#6
Posted 05 October 2007 - 02:52 PM
#7
Posted 05 October 2007 - 03:30 PM
#8
Posted 05 October 2007 - 10:29 PM
It is witchcraft, but it often works. The Fib count from the last significant rise or fall in the market. DR. HcHugh of EW fame has his own methods, but they are close enough to mine to comfort me a little. I think you can get a free ride on his Technicals Web sight, if you can take his lengthy repetitive expositions. Islander.
Not me, I play every day and I use volume, not worship it.
Regards, Islander.
Ord sells well and his performance claims are modest, virtue not practiced by a few of our comrades. ISlander.
I AM DA GREATEST....I FLOAT LIKE A BUTTERLY AND STING LIKE A BEE........SNEOOOORTT...
#9
Posted 06 October 2007 - 12:01 AM
I AM DA GREATEST....I FLOAT LIKE A BUTTERLY AND STING LIKE A BEE........SNEOOOORTT...
WOW! I think we are going to get a little more than a pull back...
#10
Posted 06 October 2007 - 08:59 AM