I'm bored this morning, so I will offer this to the newbies.
Volume is to price as gas is to a car.
Volume is to price movement as the gas pedal is to the speedometer.
Jack and is followers make the childish leap in logic to:
Volume and price are to directional movement as
gas and gas pedal are to a car's direction.
The childish mind accepts this, but it is absolutely wrong.
The steering wheel is not in this equation.
That is why they are not profitable.
Lacking the ability to comprehend this flawed logic, they struggle to justify/prove it is correct. Something like: You just need the correct fractal to see the correlation . Then you must understand the proper placement of that revealing fractal in the overall picture. They diagram out their flawed logic, but the childish mind is not able to transcend beyond the flawed premise.
Simply put, many things can affect volume and many things can affect price movement. Sometimes they plot so as to appear as supporting correlations, but alas, like tick, trin and a host of other byproducts, the predictive element does not present itself as the childish mind thinks it should.
There is only one truth that is needed.
Ok, this should garner a new response from a child mind, perhaps a new diagram or a "you hurt my ego" pseudo intellectual rant.
Hope you all have a Happy New Year.
