Cumulative Volume and momentum Part 2 by John C. Lawlor
ARTICLE SYNOPSIS ...Cumulative Volume and momentum
by John C. Lawlor
Price is so obvious that we all expect it to tell us everything. For example, if our stock gains $1 on the
day, we feel good. However, what we really do is multiply that $1 by, say, the 500 shares we own and, of
course, we feel $500 richer. It is truly the number of shares we own that makes us feel good. Volume,
then, makes the difference, not just the price or the price change.
Some technical analysts talk erroneously about price momentum. Momentum is defined as ""the force of a
moving body"" or ""momentum = mass ´ velocity."" Consider...