Matt, why is it bullish that the volume has contracted? Is
it because as it has gone down or consolidated it has done so on
lower volume? Thus the implication is if it was really
bearish that the stock was going lower or consolidating it would do
so on higher volume? I guess I'm answering my own
question! But it's always been a little confusing that it's
bullish to see a triange pattern with low volume.
Thanks
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Nano and volume
NANO
Posted by sandlamp on 8th of Jan 2010 at 11:32 am
Matt, why is it bullish that the volume has contracted? Is it because as it has gone down or consolidated it has done so on lower volume? Thus the implication is if it was really bearish that the stock was going lower or consolidating it would do so on higher volume? I guess I'm answering my own question! But it's always been a little confusing that it's bullish to see a triange pattern with low volume.
Thanks