1. TRADE SCHOOL: Talking Volume
Nick Fosco
June 24, 2010

2. VOLUME Agenda Lie Detector Trending Breakout Head Fake
Blow-off tops / Breakdown Bottoms
Overhead Volume

3. Lie Detector Sustained average volume (Truth)
Increasing volume (Truth)
Decreasing volume (Lie)
Sustained low volume (Semi-lie)
Volume spikes
On general market news & non-events (Lie)
With supporting good/bad earning (Truth)
With supporting technical indicators (Truth)
Trend-line break
Consolidation zone
Pull-back
IBD type Chart patterns

4. TRENDING
Sustained average volume

5. TRENDING
Sustained average volume

6. BREAKOUT
Strong Volume w/price move

7. HEAD FAKE
Strong Price move with Lower Volume

8. BLOW-OFF TOP / BREAKDOWN BOTTOM
Exponential change in OBV & price

9. OVERHEAD VOLUME
All previous volume at higher prices