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Ton and Al and All,
1) Thanks a lot for your valued reply.
If I look at the chart of BRCM
it's on the volume part exactly as stated in a
book
of Clife Droke :
................While the H&S pattern itself is very
reliable,
it must still be confirmed by trading volume . In the top
position the H&S typically has high volume while the left shoulder is
forming ,diminishing volume during formation
of the head and and even less volume while the right shoulder
is forming.
(A breakout is confirmed when prices fall through the neckline
by at least 3% accompanied by a significant
increase in volume (3 % rule by Edwards &
Magee (proved reliable over the years).
Volume not important ?
What about differences in EOD-prices ?
Maybe we are working with Volume-indications and
Price-Indications in EOD data ?
I am happy to work with exact Price and Volume in my orders
:)
Theo Lockefeer.
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