TraderGirl wrote:If someone wants to post that is fine, but when they put down other people on the site, then that is uncalled for....don't know why everyone here is ok with it...
I'm not OK with that, I just would rather not spend my energy dwelling on it.
KENA wrote:Chart by stocktiming showing the DOW going higher on less and less volume[/attachment]
Hi Kenya -
its a quiet Friday, so I did a little rough math (very rough). If you look at volume as total dollars exchanged and not total shares, we are well within the 5 year avg. Additionally if we use a smoothed 50 day avg volume, there is > 25% more money trading hands as of 5/16/2014 than at the lows of 2009.
Granted, this was done very, very quickly and one can pick multiple issues with it, but I think it proves its point that not everything is as it seems.
*EDIT - note that % changes are shown in absolute values, you can easily see which way the wind was blowing.
Tutti
THAT is cool right there
I don’t quite know what exactly to do with it
But the “$ traded” does really challenge the “no volume” alarmists
thanks
its not really meant to trade off of (I did the math, trust me you dont want to trade off of it , just did it to challenge the hypothesis the chart seems to be putting out. We certainly may crash, but that crash wont have anything to do with the decreasing amount of shares traded
TraderGirl wrote:If someone wants to post that is fine, but when they put down other people on the site, then that is uncalled for....don't know why everyone here is ok with it...
I'm not OK with that, I just would rather not spend my energy dwelling on it.
I'm not trying to dwell on it, I have been watching the derogatory comments flow through, and I finally got fed up with it...it has continued to get worse, if you don't say something, then it will turn into a Petsamo or MSchwartz (was that his name?) type situation...it will get uglier...so I am done as long as "it" is done...
KENA wrote:Chart by stocktiming showing the DOW going higher on less and less volume.
-%20dji%20vol.png
Hi Kenya -
its a quiet Friday, so I did a little rough math (very rough). If you look at volume as total dollars exchanged and not total shares, we are well within the 5 year avg. Additionally if we use a smoothed 50 day avg volume, there is > 25% more money trading hands as of 5/16/2014 than at the lows of 2009.
Granted, this was done very, very quickly and one can pick multiple issues with it, but I think it proves its point that not everything is as it seems.
*EDIT - note that % changes are shown in absolute values, you can easily see which way the wind was blowing.
DJIAVOL_InDollarVolume_06MAY2014.JPG
The top dozen or so stocks are pulling the sled.
Im in full agreement with you Gappy, but that wasnt the question my worksheet was trying to answer Simply, if I buy 10 apples at $1 I spent $10. If apples go up say 150% to $2.50 and I ONLY buy 4 apples, I have spent the same amount of money. But if the store manager was only keeping track of the # of apples sold and not the net revenues of apple sales (he's a bad manager obviously) he would think that apple sales were off 60%.
Just trying to keep my brain active on a boring summer friday It could be worse, I could start arguing with people
Last edited by Tutti on Fri Jun 06, 2014 1:14 pm, edited 1 time in total.
TraderGirl wrote:If someone wants to post that is fine, but when they put down other people on the site, then that is uncalled for....don't know why everyone here is ok with it...
I'm not OK with that, I just would rather not spend my energy dwelling on it.
At least we got the number of posts up in a hurry!
3rd touch of the upper blue line, hopefully another breakout.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
TraderGirl wrote:
Rut is saying there is more up even if there is a pullback...has what looks like 5 waves up for "a"...so that indicates more up..
But if you look at the alternate count...it could be a,b, then 1, 2, 3...if in the 3rd wave, can go up more ....
thanks boss
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Pffffff, nothing seems able to stop this bull.
Looking at eminiS&P future (5 min bar chart) and using channels + fibo fan, we see that we should be done on the upside.
1st support @ 1943 fib fan (red circle).
For the mega bull mind, we have the astonishing target of the higher pink channel @ 1968 !
Have a nice week end all !
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
KENA wrote:Chart by stocktiming showing the DOW going higher on less and less volume.
-%20dji%20vol.png
This business of rising prices and declining volume has attracted a lot of attention. On March 5th, Josh Brown of Stock Twits gave what I consider to be a reasonable and interesting explanation, "The Relentless Bid, Explained". You can find it on Google by inserting the title.