VOLUME AND OPEN INTEREST
Trading Strategies in the Futures Market
Probus Publishing Co.
118 N. Clinton Street
Chicago, IL 60606
Author: Kenneth Shaleen
Markets continually generate information regarding their current technical position, information
transmitted by volume and open interest. It is ignored by most, received and interpreted in garbled form
by some and understood and acted upon by only a few. Kenneth Shaleen's Volume and Open Interest
provides the tools to decipher the markets' current technical condition from an analysis and interpretation
of volume and open interest alone.
Judging from the title, one might expect this book to appeal primarily to commodity traders, especially
since open interest information is not collected for stocks. In reality, the book is written both for technical
students and seasoned traders.
Those developing their technical skills will have an excellent source of information on volume and open
interest, which they can incorporate into their trading. Seasoned traders will benefit from the book's
practical exercises, case studies and applications illustrating how volume and open interest provide
information of a market's technical condition. Standard & Poor's 500 options traders and Dow Jones
Industrials watchers will glean essential information with which to judge the market's underlying strength
or weakness from the relationship and behavior of volume and open interest.