|
PureBytes Links
Trading Reference Links
|
Think about it in the minutia. Prices can gap
on one trade, one contract, one share, or prices can move on a variable number
of shares. The linkage is not precise. My previous statements about
OBV were a bit harsh because even though it isn't a precise representation of
what is occurring it can be useful. The attached chart has the INDU paired
up with the NYA TOTAL volume. Then Bollenger Bands are applied to the
OBV. It makes some nice trades. On the far right we have just had a
nice divergence that netted almost 500 dow points. But the same thing
could have been accomplished with trendlines on price. Also, if you
ask what can move faster, price or volume, well, price has to be the winner,
because if you are watching an intraday stock index futures and waiting for
volume confirmation you might miss the train. I do find that CV helps
clearify the situation because when it is trending up it is safer to be long,
when trending down safer to be short, when diverging from price safer to be flat
or prepared for a trendchange with a more aggressive stop.
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
charles meyer
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, February 02, 2002 5:21
AM
Subject: Re: [RT] CV or On Balance
Volume
Bob:
Interesting and amazing trivia. I read somewhere that
his mom was a card reader in
a carnival. I had both those books; and that was a
long time ago. IMHO....OBV can
be mostly relegated to the rubbish heap of broken
indicators. I take little risk in saying that;
for the statement probably applies to 95% (99%?) of the
stuff that's out there. About the
best discourse I've read as to why volume doesn't work like
it used to was written by
the elder Wordon. I think that little brochure is
available to anyone who inquires about
TC2000 products. I think they use volume as a useful
tool mostly for individual stocks. Anyway, Worden claims it is less
reliable on indexes. As for the Daily Strategy Book;
I once tried to compile a consensus type strategy of what
the market would do the next day using those ideas. I never got anywhere
with it. Of course these opinions might well be
related to my lack of skills as to how to use this
information. Tons of stuff written about
volume tools but I concluded that none of them; used alone;
are consistent enough to
be profitable; at least if you are interested in low
drawdowns and high win percentages.
An interesting aside. Would you let an ex-magician
manage a portion of your money?
Believe it or not; there is such an individual new to the
money management scene. Lends new meaning to the term: "Now
you see it; now you don't"....referring to your money
of
course.<g>
Chas
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=bobrabcd@xxxxxxxxxxxxx
href="mailto:bobrabcd@xxxxxxxxxxxxx";>BobR
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, February 01, 2002 10:34
PM
Subject: Re: [RT] CV or On Balance
Volume
It depends if you are a collector. I have
two of Joe's books. One from 1960 "A Strategy of Daily Stock
market Timing For Maximum Profit" and one from 1988 "Ths Stock Market
Teacher". Joe was quite a character in those days. He was so
good at market timing people thought he was godlike. He even walked on
water at one seminar. He had a thick piece of plexiglass secretly
placed just below the surface of the swimingpool water.
bobr
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Eliot Kaplan
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, February 01, 2002 8:20
PM
Subject: Re: [RT] CV or On Balance
Volume
Bryant,Again thanks!I had found the Amazon
used one earlier today, and am contemplating the purchase.Have you
read it? Is it worth $125. Used doesn't matter to me, if the book is worth
it.I know Clyde likes it and that is high praise.I am also
contemplating Don Cassidy's 'Trading on Volume". It looks good as well.
Available on Amazon, and a few other places.Let me know if you
have any thoughts on either one.And thanks for your search
efforts.Yes, I use Google
too!Eliot^^^^^^^^^^^^^^^^^^^^^^^^^^^^Eliot
Kaplanemail; eliot@xxxxxxxweb: www.isu.comvoice:
310.455.3810
From: "Bryant"
<bulldog483@xxxxxxxx>Reply-To:
realtraders@xxxxxxxxxxxxxxxDate: Fri, 1 Feb 2002 23:02:18
-0500To: <realtraders@xxxxxxxxxxxxxxx>Subject:
Re: [RT] CV or On Balance Volume
http://store.traders.com/v123onvolbys.htmlhttp://www.amazon.com/exec/obidos/ASIN/0133634086/inktomi-bkasin-20/102-0771364-0082527just
need a good search engine ,I like google or mama.com
----- Original Message ----- From: Eliot Kaplan
<mailto:eliot@xxxxxxx> To:
realtraders@xxxxxxxxxxxxxxx Sent: Friday, February 01, 2002
10:51 PMSubject: Re: [RT] CV or On Balance
VolumeThanks Ira. I looked there just now, but alas, it did
not come up.Have a great
weekend!Eliot^^^^^^^^^^^^^^^^^^^^^^^^^^^^Eliot
Kaplanemail; eliot@xxxxxxxweb: www.isu.com
<http://www.isu.com> voice: 310.455.3810
From: Ira Tunik
<irat@xxxxxxxxx>Reply-To:
realtraders@xxxxxxxxxxxxxxxDate: Fri, 01 Feb 2002
18:08:49 -0800To:
realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] CV or On
Balance Volume
try Ebay. I have found some interesting books
there for far less then $125. Fred wrote:
Elliot; Amazon.com has one used copy listed
this evening for 125.00 fred Eliot Kaplan wrote:
A quick search doesn't find this title on a couple
of financial book store sites. Anyone know the location
of, or have a copy they want to part with? Thanks.
Eliot ^^^^^^^^^^^^^^^^^^^^^^^^^^^^
From: Clyde Lee
<clydelee@xxxxxxxxxx> Organization: SYTECH
Corporation Reply-To: realtraders@xxxxxxxxxxxxxxx
Date: Fri, 01 Feb 2002 11:02:05 -0600 To:
realtraders@xxxxxxxxxxxxxxx Subject: Re: [RT]
CV or On Balance VolumeI
know it is "old hat" to some and others turn off at the name
but one of the
earliest and still best discussion of volume as it
effects <FONT
face=Arial>trading was: <FONT
size=2>Granville's New Key to Stock Market
Profits <FONT
face=Arial>Joseph E. Granville <FONT
size=2>Prentice-Hall 1963 (first
edition) - - - - - - - - - - - - - -
- - - - - - - - - - - - - - Clyde Lee
Chairman/CEO
(Home of
SwingMachine) SYTECH Corporation
email:
clydelee@xxxxxxxxxxxx 7910 Westglen, Suite 105
Office: (713)
783-9540 Houston, TX 77063
Fax:
(713) 783-1092 Details at:
www.theswingmachine.com
<http://www.theswingmachine.com> - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
----- Original Message ----- From:
Eliot Kaplan <mailto:eliot@xxxxxxx> To:
RealTraders Mail List
<mailto:realtraders@xxxxxxxxxxxxxxx> Sent:
Friday, February 01, 2002 10:54 AM Subject: [RT]
CV or On Balance Volume Bob,
Are these the same, or similar?
Would you mind elaborating a bit on this?
And do you have a suggestion about a book or
site where I can learn more on volume in all
its iterations? Thanks as always.
Eliot
^^^^^^^^^^^^^^^^^^^^^^^^^^^^
To unsubscribe from this group,
send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to
the Yahoo! Terms of Service
<http://docs.yahoo.com/info/terms/>
.<FONT
size=2>Yahoo! Groups Sponsor<FONT
size=1>ADVERTISEMENT
To unsubscribe from this group, send an email
to: realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to
the Yahoo! Terms of Service
<http://docs.yahoo.com/info/terms/>
.To unsubscribe from this group,
send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the
Yahoo! Terms of Service
<http://docs.yahoo.com/info/terms/>
.<FONT
size=2>Yahoo! Groups Sponsor <FONT
face=Arial>ADVERTISEMENTTo unsubscribe
from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<http://docs.yahoo.com/info/terms/> .
To unsubscribe from this group, send
an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<http://docs.yahoo.com/info/terms/> .
Yahoo! Groups
Sponsor <FONT
face=Arial>ADVERTISEMENTTo unsubscribe from
this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<http://docs.yahoo.com/info/terms/> .
To unsubscribe from this group, send an
email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
To unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Attachment:
Description: "INDU.gif"
|