How Markets Really Work by Larry Connors & Cesar Alvarez

Author:Larry Connors & Cesar Alvarez
Language: eng
Format: epub
Publisher: Wiley
Published: 2012-01-29T05:00:00+00:00

See Table Explanation at the beginning of this book for column descriptions.

FIGURE 6.1 Time Graph Performance Comparison: S&P 500 Index Has Its Highest Volume Day in a Week and the S&P 500 Rises on that Day versus Falling on that Day

FIGURE 6.2 Time Graph Performance Comparison: Nasdaq 100 Index Has Its Highest Volume Day in a Week and the S&P 500 Rises on that Day versus Falling on that Day

TABLE 6.1 SPX Volume (1/1/1989 to 9/30/2011)

TABLE 6.2 NDX Volume (9/23/1996 to 9/30/2011)

Summary and Conclusion

Is volume important? Based upon 22+ years of data, it is not.

In other chapters we used indicators or setups in a stand-alone fashion (as we did in this chapter) and in many of these cases an obvious edge existed. But, in looking at volume as a stand-alone indicator, there does not appear to be an obvious edge.

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