Yuki:

So...given that volume is your "one and only", could you list, in bullet
form, some of the principles of volume and what it tells you and how you use
it.

Agai, since it is your "one and only".

Thanks,

Ken 

-----Original Message-----
From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf
Of Yuki Taga
Sent: Monday, September 11, 2006 10:27 AM
To: brpnw1
Subject: Re: [amibroker] Re: tech indicators

Hi brpnw1,

Monday, September 11, 2006, 10:29:40 PM, you wrote:

b> Also, no need to use volume (too innaccurate).

???

Okay ... I'll give back all my money then.  I must have been doing something
wrong, (inaccurate?) all these years.  ^^_^^

IMNSHO ... volume is like a lot of other indicators ... that is to say, you
can read/wish/imagine something into it that is not actually there, and get
yourself into a world of trouble as a result. However, when volume speaks
loudly, there is no question about its accuracy.
The only problem with it is that there are a lot of impatient people who
don't understand the importance of patience or the importance of knowing
when it's no longer time to be patient.  Volume is also time-frame
dependent: on a day-by-day basis pretty tough to read sometimes,
particularly when some even half-smart people with a few hundred million
dollars or more are working themselves into a position. But if you can't
figure it out by either Saturday or the end of the month, you aren't paying
close enough attention -- particularly if there is much correlation between
the volume of an individual symbol and that of the market.

I'm sorry ... but volume is a critical indicator.  Absolutely critical.  In
fact, if you took all but one away from me, volume would be the one I'd
choose to keep.

Yuki (not responsible for those who cannot distinguish between "elevated
voice" and "LOUDLY" -- but the difference can be quantified if one wants to
work at it) ^_-



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