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To: Patrick Slevin who wrote (4606)	11/14/2000 1:50:13 PM
From: Chip McVickar	Read Replies (3) \| Respond to of 8925

Yes, Gietzen's book deals with cycle trading and he attempts to quantify volume into the study of cycles. Arms book does the same thing by moving beyond the 'Trin' towards other studies of volume correlated to price and time. Arms new work has software available and may be included in metastock...? Volume is very difficult to factor into a wide range of markets, especially the commodities and currencies arena. Volume studies seem easier to do for stock work. Take as an example On Balance Volume by Grandville, there have been attempts to apply this to commodities and currencies. Volume Accumulation Oscillator (VAO) by Marc Chaikin Is another Indicator available and is a more sensitive measure of the volume to the mean price of the period, depending on the position of the closing price versus the mean price. But Pat there's a serious problem in using volume for commodities and currencies. Here's another Quote: "Despite its natural importance, volume is not easy to quantify in most foreign exchange markets. Volume figures can be calculated for the futures and for the options on futures because both take place on the centralized exchange floors and all the trades go through the clearing house. However, these instruments barely represent about 3% of the currency markets. In the spot, forwards and cash options markets, the trading is completely decentralized, and volume is therefore impossible to gauge. So traders have come to use 'Estimated Volume.'" This quote comes from a book: "Technical Analysis Applications in the Global Currency Markets" By Cornelius Luca New York Institute of Finance ~~~~~~~~~~~~~~~~ So...., much of the total picture for volume..., could still be locked up in the large houses who have the resources to pool large amounts of information from a variety of sources for intra-day trading. Not readably available to the individual trades of currency and commodity markets. Except for end of day and further out, I don't believe there's much available to small players. Perhaps a full service broker would allow access to volume work they have on line..? My Best, Chip