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In a message dated 98-10-30 09:21:12 EST, chmeyer@xxxxxxxx writes:
<< Perhaps the best answer, from someone I respect, was
the idea that I put too much emphasis on volume. >>
Too much compared to what? Now obviously the number one "statistic" is price,
but after that, what do you got? Open Interest, Dividends, Earnings, Sales.
Volume ain't perfect but it gives you more of an edge than sunspots or tea
leaves.
First I look at the price, then I consider the volume; or better yet, combine
them, i.e. Money Flow, VolumeFlow, On Balance Volume.
Best Regards,
Jerry Rehert (grehert@xxxxxxx)
Atlanta, GA
@ 06:14 pm, October 30th, 1998
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