Tuesday, November 17, 2009

possible volume cycles on Dow Averages

just looking at the equivolume charts of the three Dow Averages. notice that on all three the volume traded between the latest high and prior high has been very close to the same amount of volume traded the previous high and the previous-previous high.

the question is whether these little cycles mean anything. in my experience, it's kind of hit and miss. sometimes they do, sometimes just coincidence that took the measurement on a certain day...

when I drew the annotations the lines were equidistant. as often happens they got skewed when I saved the annotations. tried to fix it, but gave up.