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Old 03-25-2007, 02:29 PM
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Re: [VSA] Volume Spread Analysis

I just got master the markets and read it this weekend. I have the original Williams 'paper' book too and prefer the new version. Clearer and less errata, the original had several charts mis labeled and 'supply' where it should have read 'demand' etc. In some ways that was good as it really made you study the charts to see what on earth he was talking about.

I think there is maybe too much information rather than not enough! In odd places things can become a wee bit confused.

I would look at the main principles and then study hundreds (actually probably thousands) of charts until you really 'get it'. Most of what you need in MM.

Another thing, it helped me to think less about predicting what was going to happen and just concentrate on what was happening now. For example you may get a down move ending in a high volume wide(ish) bar that closes high. Price should go up right? Actually all we can say is they have stopped going down (for now). Often it'll drift sideways to up and then crash on down with a wider higher volume bar. A classic 'stair' down. By focusing on the now you can get better at identifying a small correction over a bounce over entering congestion (accumulation/distribution).


Cheers.

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