Quote from Xspurt:
Without volume you can't hear the market talk.
Would you buy a TV without a volume control, a car without a gas pedal or a greyhound with no hind legs?
There's a thread with a photo of zillions of shiny cars and no buyers. The PA sales tag on the car lots is still strong but volume is talking...
When a greyhound has loads of punters backing it the price contracts even though nothing has changed about the dog or its opposition. The only thing that changed was the volume.
That's why it's hard to get correct daily volume: they know the insiders are exposed by volume so they put the wrong days volume beneath the daily bar. Intraday is okay.
So next time you are in line for a Big Mac, remember it's the volume of sales that drives the price. If the place gets empty the share price will fall.
In gambling it's called the weight of money and it's monitored in realtime because just like the stock market, volume tells you who knows what and what is going to happen.
The mug punters only look at the price
Xspurt,
That's quite a good way of explaining the whole issue, but unfortunately you are wasting your time and effort. Let me explain.
Someone who posted on this thread earlier today may not agree with the use of volume. They are not going to read you and all of a sudden change thier mind, come back on here, and repent.
That's just not how the markets and humans work.
See, people don't like being wrong, they hold on to losing trades until all thier money has gone etc etc. They hold on to losing ideas, methods, strats and systems etc etc....until all thier money has gone. Very stubborn indeed us people, to our detrement.
Yours,
Dackster.
