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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Richard Estes who wrote (725)4/20/1997 9:26:00 PM
From: Gale A. Thompson   of 3325
 
Hi Richard,

"Here is a Volume system, tell me how it works. Your database might not get kick off.

Buy: V<.33*MOV(V,180,S)AND C>REF(C,-1)"

Awhile back you posted one close to that, but I think it was:

V<.3*Mov(V,180,S) AND C>Mov(C,89,T)

I understand the one quoted above, but can you explain the idea behind this one. I played with it for awhile, but caught alot of stocks high on low volume. Is the idea their climbing and going to gain momentum? I just missed it.

I do like volume as a leading indicator. When volume dries up, the stocks seem to be at the beginning of a run or just finishing one.

Thanks for the post...

-- Gt --
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