V.4:2 (65-68): Technical analysis of volume by Howard K. Waxenberg

V.4:2 (65-68): Technical analysis of volume by Howard K. Waxenberg
Item# \V04\C02\TECH.PDF
Availability: In Stock

Product Description

Technical analysis of volume by Howard K. Waxenberg

You don't need a computer for volume studies; the analysis presented here can be done with a calculator and The Wall Street Journal. This article provides an outline of technical tools derived from volume figures which can then be used for analysis to gauge the internal strength or weakness of a market.

In my last article I wrote about the technical analysis of the equity markets that could be accomplished without the aid of a computer or on-line database. In that article I showed an analysis of advance-decline data. This article will continue along a similar theme, but I discuss volume and the technical analysis that can be accomplished using technical tools developed from volume figures.

Volume analysis is one of the most important tools of technical analysis since volume can give an excellent view of the internal structure of a market, a structure that is often hidden by external price action. An analysis of volume can give us a true measure of the amount of buying and selling that is taking place and the energy behind each of these market forces. Also, the old market maxim still holds true, "Volume precedes price." This is more true today, and somewhat more self-fulfilling, as more and more advisory services make their recommendations based on the internal volume readings for a market or stock.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order