Fri 06/Feb/2009

   Fri 06/Feb/2009

   Volume in Futures and the Stock Market

   In my method, price, volume or any single indicator is essentially meaningless. Where we find "meaning" (a probability scenario worthy of risking our money) is when many or all of these "Energies" align saying the same thing at the same TIME. This, like in a court of law, gives us a preponderance of the evidence that puts the odds on our side. It doesn't mean that we'll be right every time, but we will be more times than not. Volume is a SIXTH ENERGY that I add to my charts. I use both the standard volume histogram (that plots the raw data of volume) and also a volume indicator that makes it easy to interpret that data at a glance.
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