Hi Jim,
Can you please tell me what indicator you used in the
pivotexample ?
Thanks
jon
On Sun, Jun 8, 2008 at 11:24 AM, Jim White <
jwhite43@xxxxxxxxxnet>
wrote:
Market reversals are not a function of volume
alone but depend on time, price and volume.Here are some indicators that do
fire at tops and bottoms and consider all three.
Jim White
Pivot Research & Trading
Co.
PivotTrader.com
-----
Original Message -----
Sent:
Sunday, June 08, 2008 3:05 AM
Subject:
[SPAM][RT] HAWKEYE VOLUME INDICATOR
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