XJO 1.34% 7,971.1 s&p/asx 200

Not interested in new, just interested in what works.I agree on...

  1. 4,710 Posts.
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    Not interested in new, just interested in what works.

    I agree on intra day charts, they don't apply except to help determine where the daily will go.

    On the rest of your post you've basically said you agree so no need to go further.

    On last nights volume, I would be more looking for an increase over a period of weeks rather than days in order to suggest something more significant. We can pull back at any time from current levels, the whole point behing the volume discussion is to determine whether any pullback would find support, or would it play out as Martis predicts. What volume is clearly displaying at this stage is that any weakness is likely to find support.

    One tip, I've been posting recently on converting volume to value. Especially where you're looking at comparing extreme low values to all time high values, volume can often be a bit misleading where value imo provides a more 'true' picture.

    A couple of comments on historical volume didn't quite add up, where are you getting your data from?

    Cheers
 
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