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Strategies & Market Trends : Raptor's Den II

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To: velociraptor_ who wrote (1405)	11/14/2003 2:36:54 PM
From: Kirk ©	Read Replies (3) of 3432

Falling volume is a corrective attribute. If the trend is rising while volume is falling it is not bullish. Not true. the answer is "it depends." Stock charts on Ascending Wedges (a bullish continuation pattern) says stockcharts.com Volume: As the pattern develops, volume usually contracts. When the upside breakout occurs, there should be an expansion of volume to confirm the breakout. While volume confirmation is preferred, it is not always necessary. I've had good success the past 13 months with this one.

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