love this txt from "Master swing trader" by Allen Farley...

love this txt from "Master swing trader" by Allen Farley ..classic vol cycle as we`ve just seen here..and waiting now for value buyers to arrive and end the correction....wherever that might be.

VOLUME
"Emotional forces shape trends through all market conditions. New uptrends build crowd
enthusiasm, which attracts waves of greedy buyers. Gaming mentality slowly overcomes good
judgment as prices push higher and higher into uncharted territory. The frantic rally finally cools
and the herd turns nervous. As the market rolls over, fearful selling replaces greedy excitement. The
decline gathers force and continues well past rational expectations. Panic replaces fear, but just as
pain becomes unbearable, value players jump in and end the correction. Price starts to form a
bottom and a new Pattern Cycle springs to life."