xjo weekend zoomba lounge, page-124

"It seems clear to me that on each major move down (early August, late Sept/early Oct, and now) volume has been decreasing markedly from the previous moves.

In VSA terms - supply is decreasing. It seems to me that the "smart money" is simply standing aside now as the selling increases - waiting for the fewer and fewer sellers to become exhausted.

And tha'ts not far away, judging by this graph."

...........

Red, umm sounds like your a little bull in the waiting ?

But and there's always a but. An error or should I say an assumption with your analysis, is that atm were in the middle of the trading range, agree

Therefore, as shown on your chart the largest volumes in the first 2 instances where at the bottom of the range, (which is where you'd expect to see them) problem is we are not at the bottom at present so an error in judgement is being made comparing this volume to the previous 2

Also Red with your experience I'd imagine that you'd be aware as well that whilst in the middle or just a tad lower than middle in the range like we are now, the quantity of volume doesn't really mean anything and doesn't give any clues away for future direction.

The clues will be given when it ......

But that's another story for another post. hey

cheers

P.S. nice work Jako, not even a mention hey