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To: Prophet who wrote (5972)11/21/2002 10:11:03 PM
From: velociraptor_  Respond to of 10157
 
Volume is always key in a situation like this. Whenever you have a rising trend and volume falls it is a bearish divergence. If volume suddenly pops at the top of a trend, you can practically count on it being a associated with a blow off and a reversal should be at hand very shortly. It's a classic pattern to watch for. Volume needs to gradually rise in a rising trend to confirm it.



To: Prophet who wrote (5972)11/22/2002 5:55:34 AM
From: mish5000  Read Replies (1) | Respond to of 10157
 
Hi Prophet, with all due respect, forget about the damn volume... I always hear volume this and volume that, blow off this and blow off that.... stick to the charts with basic S and R and simple indicators.... they are the only clues you will ever need to be a successful chartist.

For every buyer , there HAS to be a seller... The volume myth is a complete and utter Fallacy. There is no argument that will convince me.

Just go with the trend until it changes.... that's all we can do.....