MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Jan 29 4:00 PM EST

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To: HairBall who wrote (7180)	2/28/1999 12:16:00 AM
From: Terry Whitman	Read Replies (2) of 99985

LG is back, and in the saddle I see. From my readings of the master of Volume, Joe Granville, (the founder of On Balance Volume)- What one must look for is volume preceding the price. A large negative or positive volume that does not correspond with the price movement is a method of forecasting the price movement. A small volume is of less significance. The higher the volume, the more movement one should expect. You should look for those volume/price divergences. According to OBV theory, the magnitude of the volume makes no difference if the price doesn't move. Ex: For entering a long position- You would look for heavy volume and a small price increase. This would be a divergence. The price follows the volume. Simple, huh. <g> Regards, TW

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