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That's what I have been noticing, volume following the trend, I guess we
can use it as a confirming indicator but not as leading indicator..JB
On Tue, 28 Oct 1997 18:40:50 -0500 (EST) Greatelto@xxxxxxx writes:
>I reviewed most of the stocks in my data base after Monday's collapse
>and
>noted the large majority were down sharply but on no pick up in
>volume. In
>many cases, the volume dropped well below the daily average.
>
>Then I reviewed them again after Tuesday's rebound and discovered most
>had
>huge volume increases and closed up after earlier lows...key
>reversals.
>
>I would appreciate hearing from others what they saw. Not so much
>about the
>key reversal day on Tuesday, but the action their stocks had on
>Monday.....the low volume on a sharp down day.
>
>I always believed that volume followed the trend. Any comments?
>
>Jerry
>
>
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