hi bennyg
i sometimes use the elliott wave principle in my charting.
if there is low volume this week (total volume for week around between 30-40 million) we could be in wave 5 in this degree (daily) then the target 42.74 should hold.
if there is high volume this week (total volume for week around 60-80 million), then we could be still in wave 3 of 5 or a wave 5 extension, then the target 41.85 and 40.93 is on the cards.
here is a link that could help, page 74
http://books.google.com.au/books?id=lQ0OEmzM9tsC&pg=PA74&lpg=PA74&dq=elliott+wave+volume&source=bl&ots=nrgnrN2uxj&sig=Lk7wDpxTvW6OAfRBC1T1JSN8nn8&hl=en&ei=xuDZTfbNJo_EsAOE0YSNDA&sa=X&oi=book_result&ct=result&resnum=9&ved=0CGwQ6AEwCA#v=onepage&q=elliott%20wave%20volume&f=false
have a good one.
582
share price, page-51
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Last
$40.31 |
Change
-0.050(0.12%) |
Mkt cap ! $204.5B | |||
| Open | High | Low | Value | Volume |
| $40.46 | $40.70 | $40.16 | $280.3M | 6.927M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12907 | $40.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.35 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |