But, it takes the whole method to get the signals. Volume is a part of it.
Re: S&P/Using a 34ema/50ema Cross Over
Posted by trend on 2:16 7/4/2009
I don't really use the head and shoulders pattern per say, but I did short at your H and your RS because of lower volume, among other things. When you have lower volume on a higher high you at least know, smart money ain't buying. But, it takes the whole method to get the signals. Volume is a part of it.
I use RW's theories in my programming on volume.