Forum Archive Index - October 2001
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[sharechat] BRY
The current BRY chart is showing a perfect example of Volume confirming Price
movement. To confirm a price movement, volume should increase or expand in the
direction of the existing price trend. By monitoring price and volume together
we are using two different tools to measure the same thing - buying or selling
pressure. Volume tends to precede price, so a loss of upside pressure usually
shows up in the volume figures before it is manifested in weaker prices.
Phaedrus.
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