There are a number of different aspects to this. Individual stocks move very differently on different volumes. Some can rise 5% on a volume of 50,000 shares, others takes a million or so to rise 1%. One would need to ensure there were sufficient stocks to iron out these variations.
On the other hand of course one could follow just one or two stocks closely.
I have a feeling that the ratios are actually more important than total volumes.
Obviously with a ratio of 2.1 say and a significant build up in volume of a particular stock it is going to rise. But what about a change in ratios from a majority at .8 to a majority at 1.2 with no real change in volumes?
The movement of the entire gold sector is more indicative than an individual stock, and on that note it does appear that gold stocks are now much less tied to the general market, at least here in Australia.
I'm interested in the trigger points and particularly at that point where gold stocks break out generally. Perhaps we are close to that stage
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