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Politics : Idea Of The Day

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To: bobby beara who wrote (8839)	9/3/1997 7:12:00 PM
From: donald sew	of 50167

Bob, Concerning low volume rallies/downturns - firstly, I must state that volume is probably the most important technical indicator of the all, mainly because it is a leading indicator, not trailing. Low volume rallies/downturns can be very misleading. They need to be confirmed by increased volume, which I have not yet mentioned but I am watching closely. If volume does not increase in a short period of time(few days) with the trend going in the same direction, one can interpret such as a weak rally and the probabilty of a reversal will increase. On the other hand, a low volume rally can be an indicator of further up. The KEY is that the rally needs to be confirmed by increased volume.

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