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Nebuchadnezzar
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The Price / Volume Relationship
Nebuchadnezzar replied to Spydertrader's topic in Technical Analysis
That Increasing Volume IBGS annotated by you as point 2 has no indication to hold through it. As it forms, YM turns increasing red PRV and finishes with increasing red. As your guru used to write: "Who wants to be long in the face of increasing red volume". That's where you and your guru would have been shaken off, if you or he actually traded instead of posting misleading charts. Can't believe that years gone by and some folks are still trying to decipher that nonsense.