What would be a likely cause of the volume spike on the 21th November 2014?
There is an announcement on that date but would that be the contributing factor for the huge spike?
Just an aside, it's these types of cross and other special trades that can distort the reading of volume on the Australian market. They occur out of the blue and are not related to the ongoing price action (not that all other types of trading volume is either). Would love to be able to filter these trades out.
A good discussion item John.Why?
Its a clear message that the big end of town are backing this to be profitable for them
That's what volume spikes are about.
Participants that make a difference.
and I don't necessarily disagree with you either when it comes to volume analysis in general, and considering that you are more of an expert in that area.I don't disagree
I certainly understand that a cross trade where buyer and seller are matched
has no bearing on daily or weekly price action.
But as I have pointed out someone likes the trade. Sure you could argue that a seller or sellers matched aren't in harmony.
But perhaps there are some subtleties on the chart.
and I don't necessarily disagree with you either when it comes to volume analysis in general, and considering that you are more of an expert in that area.
I simply wish to question the importance/relevance we would normally place on a high volume day for the reasons I gave below, when the high volume is as a result of a cross type trade. Also notwithstanding that the day in question may have been a light volume day (which can also be relevant) if it were not for the cross trade.
Not sure if this link will work, it is a video explanation of the MTPredictor process.
Hi Boggo sorry I've been so long.
I've made some general comments on your chart.
Thanks for sharing this.