tag:blogger.com,1999:blog-2676650858658561710.post4398896564550159532..comments2023-11-02T06:14:07.871-04:00Comments on Quantifiable Edges: Mythbusting Some 2-day Volume PatternsRob Hannahttp://www.blogger.com/profile/07596674657839065754noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2676650858658561710.post-22714776111643463702009-05-12T20:52:00.000-04:002009-05-12T20:52:00.000-04:00would love to o some number crunching myself on NY...would love to o some number crunching myself on NYSE volume vs S&P movement. Where could i find such volume data with costing me an arm and a leg?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-83910718325621946112009-05-12T14:06:00.000-04:002009-05-12T14:06:00.000-04:00I've been crunching volume v S&P data all ...I've been crunching volume v S&P data all day on excel. I've compared 22 significant rises in the market since 1962 - 10 were new bull markets ('62, 66, 70 (x2 from Jul and Aug lows), 74, 78, 82, 84, 98 (if you can call it that) and 2003. Another 11 were bear market rallys and the last one is now.<br /><br />It's added to my confidence that this is a bear market rally and not a new bull.Douglasnoreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-37694893471674304082009-05-12T12:45:00.000-04:002009-05-12T12:45:00.000-04:00I disagree with your summary of how most technicia...I disagree with your summary of how most technicians view two day volume. The down volume day would need to be extreme, versus a very light up day, for a bearish signal. Also, usually this is within the context of more days and the price pattern. With the two days your analysis focused on, there were no extreme readings.Anonymoushttps://www.blogger.com/profile/17740562928448160218noreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-44459985562972764492009-05-12T01:54:00.000-04:002009-05-12T01:54:00.000-04:00Really like the way this blog is evidence-based an...Really like the way this blog is evidence-based and challenges common beliefs in the marketsJames Kriegerhttps://www.blogger.com/profile/11922537744815539996noreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-39997019266269029432009-05-11T17:53:00.000-04:002009-05-11T17:53:00.000-04:00But what about William O'Neil, Gary Kaltbaum and o...But what about William O'Neil, Gary Kaltbaum and other followers of WON's strategies...are they all wrong?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-15454470625522958822009-05-11T15:33:00.000-04:002009-05-11T15:33:00.000-04:00ha ha - most people operate by repeating what oth...ha ha - most people operate by repeating what others say. They say it with a tone and a seriousness to give the impression that they they have some deep store of financial knowledge. In fact they are just self important gossips passing on old wives tales. They wear suits and ties and charge their clients for their 'financial expertise'.Douglasnoreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-25096568995957809532009-05-11T13:20:00.000-04:002009-05-11T13:20:00.000-04:00Why not use the S&P500 volume? Why use the NY...Why not use the S&P500 volume? Why use the NYSE volume? Not that I think you'll get a different outcome, but wouldn't it make more sense given that the NYSE is a larger number of stocks?Damianhttps://www.blogger.com/profile/16016686632386396090noreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-39669854074618807112009-05-11T11:39:00.000-04:002009-05-11T11:39:00.000-04:00Teh traditional view is that a high volume drop in...Teh traditional view is that a high volume drop indicates a large number of sellers. An alternative view is that a large volume drop represents a large number of buy limit orders sitting on the books (as compared to a low-volume drop, which can only happen when there aren't many limit orders). This view suggests that volume increases as prices move away from their fundamental value and decreases as prices move towards value.<br /><br />The reality is that there are always just as many buy orders filled as sell orders filled (at least by volume). Large voume is driven by liquidity demands (orders placed for reasons unrelated to price) or by disagreements over what the fundamental value is. Low volume means that everyone agrees that the price is right. High volume has an ambiguous meaning, as it depends on where the volume is coming from.<br /><br />jkwAnonymousnoreply@blogger.com