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Turning Patterns into Profits with Harmonic Trading (Collection) by Scott M. Carney, Buff Pelz Dormeier

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19. Buff Up Your Volume: Introducing Capital Weighted Volume

“The significant problems we face cannot be solved at the same level of thinking we were at when we created them.”

—Albert Einstein

It’s Time to Buff Up Your Volume

Whether an investor listens to the news, reads the paper, or digitally retrieves financial information, the major headline is the price change of the major indexes. The price of the index is the headline; the volume of the index is fortunate to be included in the footnotes. Yet, for those of us digging deeper into these data sets, there exists a more basic problem with the indexes and exchanges of volume data in that it is terribly misleading. Yet every major data provider—Dow Jones, Reuters, Thomson—provides the same virtually ...

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