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Paul:
While this may be true HOW is it used?
Charles
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> From: Szilassy <szilassy@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: VOLUME DISCUSSION ANYONE?
> Date: Friday, October 30, 1998 1:37 PM
>
> This is bunk. Anyone remember Joe Granville? Granville is the man to
whom
> we attribute this quote: "Volume is the steam that makes the choo-choo
go."
> Like all populist market gurus Granville quickly fell out of favor as a
new
> cycle made his predictions inaccurate, but this one populist quote has
had
> staying power. There are too many VERY successful daytraders who use
> nothing but price and volume to make highly profitable decisions on entry
> and exit for volume to be nothing more than coincident. Too many useful
> technical indicators - useful in both following and predicting trends -
> incorporate volume for it to be categorically dismissed by anyone.
>
> I fully support the concept of contrary thinking, but there's a fine line
> between being contrarian and being oblivious.
>
> Paul Szilassy
> -----Original Message-----
> From: Brad D. <btwj@xxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Friday, October 30, 1998 11:17 AM
> Subject: Re: VOLUME DISCUSSION ANYONE?
>
>
> >
> >
> >In an article at his web site, Steve Briese makes an argument that
> >volume is a coincident indicator -- it has no value as a price
> >predictor. He goes on to say that volume is coincident to volatility,
> >and that open interest has more predictive value. This is covered in
> >his "Subscribers Guide", here's the link:
> >
> >http://www.bullishreview.com/subguide.html
> >
> >Brad Dingee
> >
> >
> >> charles meyer wrote:
> >>
> >> > Anybody else have anything relevent to post on
> >> > this subject?
> >> >
> >> > Charles
> >>
> >>
> >>
> >>
> >
> >_________________________________________________________
> >DO YOU YAHOO!?
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> >
> >
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