Wyckoff trading method, page-77

  1. 1,848 Posts.
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    sorry to be a contrarian again- but my mother told me I was one

    again comsec, bigcharts and bullcharts have todays vol 4,373k higher than friday 2,082.5k
    the vol is reverse of your charts- last two bars
    nwz.PNG


    todays is high vol nearly the same as the PSV vol and closed lower than Fridays - half the volume
    doesn't that show 'more effort for less result' which means?;

    from MTM page 37 Effort versus Results

    "If the additional effort implied in the higher volume and wide spreads upwards had not resulted in higher prices, we can draw only one conclusion: The high volume seen must have contained more selling than buying. Supply on the opposite side of the market has been swamped by demand from new buyers and slowed or stopped the move. This has now turned into a sign of weakness. Moreover, this sign of weakness does not just simply disappear; it will affect the market for some time. "
 
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