October 4, 2011 Post by Parker Binion
New Volume Oscillator T
The Volume Oscillator hit a high of 119 on August 31 that started a cash build up phase.
The rising bottoms pattern in the Volume Oscillator was -91 on September 22 and -86 on October 3.
My studies have shown that splitting the rising bottoms pattern as a center post produces a target that’s usually a couple of days early, and using the actual price low (October 3) as a center post produces a target that’s usually a couple of days late.
So the split bottom target top is October 24.
The October 3 center post target top is November 2.
I would not be surprised if the top occurred somewhere in the middle.
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