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To: Galirayo who wrote (129832)2/22/2006 2:37:07 PM
From: Shack  Respond to of 209892
 
It can help but I have no hard rules. But in general I do not think large volume confirms a lengthy move is coming. For example I've seen folks say that due to large downside volume that a major bear wave must be starting only to find the large volume move was nothing but a C wave in an ABC.