Quillnpenn,

Good morning, and thanks for plugging TOS once again. I really do need to look at that platform more carefully, just because of its wealth of tools.

The opening post asked a question about volumes and buyer and sellers. Someone else (in another forum, or maybe this one) had earlier asked a question about how to know when to buy "dips". Obviously, the two questions are related and can be tied together. An indicator like CCI (as Stock Charts plots it) offers a clear visual indication of "over-bought/over-sold". But it doesn't say much about "accumulation/distribution". But when CCI is paired with a volume indicator that attempts to show the interplay of buyers and sellers, then turning points can be more reliably identified and dips can be bought with greater assurance that one has, in fact, bought a temporary retracement from the trend one intends to trade and not the beginnings of an adverse move against one's position.

Charlie
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“Fade moves to new lows when volume dries up.” ( Brett Steenbarger)