Well, well, well
It appears David Weis was correct in his opinion, that True Range (not Average True Range), can be used as a reasonably accurate substitute for volume.
Who would have thunk it ??
The intraday (~1hr) chart, using TR as volume,
clearly suggested that absorption of supply was taking place above ~5569, and the breakout higher now confirms it.
cheers
Suspenders - Wednesday, page-25
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Last
8,014.3 |
Change
-12.700(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,027.0 | 8,027.0 | 7,990.3 |
| XJO (ASX) Chart |