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Posted 04/26/2013 7:04 pm
All I want to say is... Hat Tip to Ceylon very good work sir.
and.. his post confirms what I thought- that we have folks here that can understand or have an interest in price and volume, the technicals.
and see, this gentlemen hits the nail on the head,, the VOLUME was explosive, to the sell side, it was HUGE.. and guess what, it never ever recouped. This is why I have been saying, we are in a strong downtrend. It has really show confirmation of this by making yearly lows... AND last let me put out, its been a slow grind lower from that point.
the other thing I pointed out was the volume on GLD in my thread, that was back in 2011, gold has not been able to recoup from that point either.
bottom line, it is possible to predict direction, trends by volume and price.
It is so refreshing to see someone ELSE, besides me, point out the importance of volume, among other things.
and.. his post confirms what I thought- that we have folks here that can understand or have an interest in price and volume, the technicals.
and see, this gentlemen hits the nail on the head,, the VOLUME was explosive, to the sell side, it was HUGE.. and guess what, it never ever recouped. This is why I have been saying, we are in a strong downtrend. It has really show confirmation of this by making yearly lows... AND last let me put out, its been a slow grind lower from that point.
the other thing I pointed out was the volume on GLD in my thread, that was back in 2011, gold has not been able to recoup from that point either.
bottom line, it is possible to predict direction, trends by volume and price.
It is so refreshing to see someone ELSE, besides me, point out the importance of volume, among other things.
