Stocks & Commodities V. 43:09 (14–18): Using The Elusive Volume Confirmation by Perry J. Kaufman

Using The Elusive Volume Confirmation by Perry J. Kaufman

There is a popular concept in charting that volume confirms price action. But is that really reliable? Here’s a look.

Every book that I’ve read, including my own, has a table that shows how volume can confirm a trend. The idea usually goes something like that shown in Figure 1 ...