Who knows about Volume?

A

antincedo

my question is how does one know the difference when a spike in volume means there's momentum to come or that either side has 'blown' the momentum... and perhaps a reversal is to come?
 
Quote from antincedo:

example in this chart today.

did the spike in volume give indication of the failed W pattern?
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What you talking about their was news at 10am hence the reason for the spike :confused:
 
Quote from antincedo:

my question is how does one know the difference when a spike in volume means there's momentum to come or that either side has 'blown' the momentum... and perhaps a reversal is to come?
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Volume is an indicator that falls under the heading of "too much information" and should be discarded. Thank you for your time.:)
 
Quote from Buy1Sell2:

Volume is an indicator that falls under the heading of "too much information" and should be discarded. Thank you for your time.:)
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Since we each have opinions . . . I'll adjust B1S2's to match mine.

Volume as a stand alone indicator is an indicator that falls under the heading of "too much information" and should be discarded.

Volume that is embedded into a chart, as in a Constant Volume Bar chart, is an indicator that falls under the heading of "perfect information" and should not be discarded.

Here is a thread that has a couple charts I posted that clarifies my opinion.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=146012&perpage=5&pagenumber=3
 
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