Identifying Trends with Volume Analysis by Stephen J. Klinger, CMT
ARTICLE SYNOPSIS ...Here's a new twist on volume analysis, with a volume-based
indicator for identifying meaningful trends.
Technicians recognize the importance
of volume analysis and its
application to price movement as
requisite to any serious examination
of stocks and market averages.
While price is the most important
dimension of market
analysis, how prices move is a
function of the intensity of volume
that produced it. The true
measure of durability behind price movement is most readily
available through volume data. Since volume is a proxy for
money flow, volume analysis can expose the internal dynamics
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AUTHOR: Stephen J. Klinger, CMTDATE: DEC 1997SUBJECT: Indicators