"The activity of these professional operators, and more important, their true intentions, are clearly shown on a price chart if the trader knows how to read them. VSA looks at the interrelationship between three variables on the chart in order to determine the balance of supply and demand as well as the probable near term direction of the market. These variables are the amount of volume on a price bar, the price spread or range of that bar (do not confuse this with the bid/ask spread), and the closing price on the spread of that bar"
VWAP isnt a bad day to day version of such a market indicator Nugget.
Agree/disagree?
Im more of a fundamentalist so dont see the need to worry about much more than the VWAP.I like to relate it to technical support and its relationship to recent placement/issue prices + profits that brokers will take.
If trading then I can fully understand some using better VSA numbers than a simple VWAP.
d
CCC Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held