BlogMay 22, 2024Michael Covel

“Price without a reference to volume or momentum…”

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Price without a reference to volume or momentum or any other factor that would constitute other than price alone?

3 widgets, with prices of 10, 20 and 30. I cannot know the 10 is a good buy w/o reference to the 20 and 30. There are ways to know of the 10 being a great price. For example, I read the news today, about a widget that made the grade and widgets were advertised at 20 and 30, so 10 is a good price. If we buy it at 10 it is sure to go p to 20 or 30, i.e., the price will get momentum and more buyers (volume).

Sorry Michael, but I will read further about price alone. Didn’t Brian Shannon operate on price alone, in multiple time frames, but now uses VWAP and volume at price?

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