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® “Home-Study Course” Study Manual Page 216

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when you are getting a signal to go long on an “Individual” stock,

but the volume is a bit low and you are wondering why.

If you look at the “Group” and it is in a down trend, and your
“Individual” stock is generating a long position on low volume
with no positive news out, then I might question going long.
Again if it is in play either by momentum traders or position
traders, you will see significant volume on the time frame you are
trading. The more volume the more players are participating.

This “Down Up Approach” has saved me many times from going
in the market when it is not ready to move. It will show you when
the market is being manipulated on low volume by market
makers. Real trends take “Outside Paper” coming from off the
floor to move prices significantly.

Many traders worldwide need to be participating for a significant
trend to develop. Significant trends occur when traders from
many different time frames are participating in the trend.

Summary

When using the ART® “Top Down” or “Down Up” approach, you can
get an idea of who is involved in that stock you are about to trade. If the
“Sector” is not performing well, chances are that long term investors

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