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Join Nick Fosco in this insightful session on volume analysis from June 24, 2010. Discover essential strategies for identifying trends, breakouts, and market reversals using volume as a key indicator. Learn about the volume lie detector, and how to differentiate between sustainable and deceptive volume movements. Uncover the significance of volume spikes, pull-backs, and technical patterns, alongside market news impacts. Empower your trading by understanding the truth behind market movements and enhance your decision-making skills.
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TRADE SCHOOL: Talking Volume Nick Fosco June 24, 2010
VOLUME Agenda • Lie Detector • Trending • Breakout • Head Fake • Blow-off tops / Breakdown Bottoms • Overhead Volume
Lie Detector • Sustained average volume (Truth) • Increasing volume (Truth) • Decreasing volume (Lie) • Sustained low volume (Semi-lie) • Volume spikes • On general market news & non-events (Lie) • With supporting good/bad earning (Truth) • With supporting technical indicators (Truth) • Trend-line break • Consolidation zone • Pull-back • IBD type Chart patterns
TRENDING • Sustained average volume
TRENDING • Sustained average volume
BREAKOUT • Strong Volume w/price move
HEAD FAKE • Strong Price move with Lower Volume
BLOW-OFF TOP / BREAKDOWN BOTTOM • Exponential change in OBV & price
OVERHEAD VOLUME • All previous volume at higher prices