Playing the QQQQ with Terry and friends. Message Board

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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: J.K. who wrote (1023)	6/25/2005 5:37:14 PM
From: Walkingshadow	Read Replies (1) of 4814

This is pretty classic, by the way.... 139.142.147.22 Notice how the first volume spike is on a bearish looking candle, then as bullish candles appear, volume just evaporates. Typically, you like to see a reversal candle, a Doji or something as the big volume candle, but the key thing is not just the sudden volume surge after a sharp or steady decline, but the equally sudden disappearance of volume. The disappearing volume allows the ask to be walked up more easily. This is difficult to do if there are big lots competing with your ask. (As an aside, I have occasionally successfully traded things just on volume alone, if the signal is a very strong one. And I rarely ignore volume, it almost always supplies useful information IMHO.) T

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