Volume Confirms Participation, Not the Future
Heavy turnover tells us that many units changed hands. Directional conviction still has to be inferred from price response and follow-through.
Read the full entry →The reading room
Working notes for market students who want to inspect evidence before giving a chart a confident name.
These articles explain educational chart-reading concepts. Examples are historical and incomplete by design; none is a recommendation to buy, sell or hold a security.
Heavy turnover tells us that many units changed hands. Directional conviction still has to be inferred from price response and follow-through.
Read the full entry →The familiar 70 and 30 lines are reference marks, not universal reversal switches. First observe where momentum tends to live.
Read the full entry →A chart journal becomes useful when it preserves what you could see at the time, including evidence that argued against your preferred reading.
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