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Can someone tell me why I am receiving these messages?
Thank you.
Chas
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Date: Sun, 08 Jun 2008 05:05:36 -0500
Subject: [RT] HAWKEYE VOLUME INDICATOR
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Ben/Jeff-
Thank you! Any feedback as to user experience w/ this
indicator?
Tks for any comments.
I must be overlooking something because it doesn't seem to
work as
the theory purports. Let's look at an example, either at
tops or
bottoms. Now the so called 'smart money' are supposed to
telegraph
their movements by either distributing at tops and
accumulating at
bottoms, right? Then why do all the tops show green bars,
and the
bottoms show red bars? I mean 390 different calculations,
and there
are few red bars and tops or green bars at bottoms! ???
I mean this seems to be the case much, much of the time.
So, what
am I missing, or how does one use this indicator?
My understanding is that all the other indicators offered
by
Hawkeye are based on some other concept than volume. I
think they
make most of their income from seminars and selling
software as
opposed to trading this concept. So what else is new?
Chas
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