Dislikedit's Friday so I decided to take a break and read up on volume.
And I call it a break. LoL
I found a very interesting article about the big boys and the manner in which they drive the "Herd" into holding bad positions that are about make a major direction change.
I am interested in hearing senior members opinion on this.
Original article.
http://www.sfomag.com/homefeaturedet...ne&YearID=2006
Rediscover the Lost Art of Chart Reading: Using Volume Spread Analysis
by: Todd Krueger
There...Ignored
But, you have to be cautious when trying to "read" volume. Sometimes relative volume spikes are not soon followed by reversing PA....which may mean that while the manipulation is there (pump to dump, or torpedo to buy), it will be repeated over and again over time....maybe over the whole day, or even longer....a sustained period of such episodes of manipulation before a run in the PA. That is why it sometimes seems the relative volume spikes apparently have no significance. But they may. It just might be that a longer Act is being played out. As Sonic so often says, NVO lets you know something may be up, but remain concentrated on the actual PA. Don't over analyze volume and risk introducing false
bias into your thinking.