mongombolo's - crash or crash through tuesday, page-129

LOL

Johno, volume doesn't come into too much for me and really don't want to get into volume if i can help it.

I look at price and divergences mostly.

Volume can be sneaky and there for hard to read.

eg. Say you get a narrow bar when you feel its toppy on high volume, it could be seen as selling without moving price too keep things "quiet" so to speak.


A spec stock gives the most obvious examples of volume. You see a stock tank for a couple of days on "big volume" and everyone is like "ooooh" sold off on big volume = bad (sometimes is) Most of the time those big down days are lows and lots of buying going on down there. Then price goes up and big volume and everyone goes "oooh" its gone up on big volume = good! Lots of selling mostly.

Look at the volumes around the 9th August. They were high = buying. I could be way off the mark, but when the volumes start swelling again, I'll be looking to jump ship a little.