Advancing Volume Thrust
Strong volume behind advancing stocks can indicate that buyers are broadly and aggressively returning to the market. The advancing-volume version shifts focus from issue counts to the volume behind advances and declines. If advancing volum…
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Strong volume behind advancing stocks can indicate that buyers are broadly and aggressively returning to the market. The advancing-volume version shifts focus from issue counts to the volume behind advances and declines. If advancing volume greatly exceeds declining volume, the article says the market may be in a powerful accumulation phase. Martin Zweig included a thrust measure based on the ratio of advancing volume to declining volume.