Slowest December since 2007, and 5th slowest all-time month within the last 9 years. (which does't compare to the different in volume between that occurred in December, before Obama took office the following month in January.)
Has anyone ever used P&F chart for intraday trading to attempt to predict the direction of the market? It looks much more clear as to what is about to occur, when using this chart type. This currently seems far better than using any other combination of study indicators, etc.
It's very clear as to what is about to happen if you keep track of double/triple tops ...
I typically look for at least 3-4 of the studies pointing in a specific direction before deciding to enter a trade.
I use a smaller time interval, usually 1 minute, but it won't let me publish an idea with anything less than 15 min.