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CHAPTER 7 - The Facts on Volume > THERE IS ANOTHER WAY TO LOOK AT THIS RELATION...
THERE IS ANOTHER WAY TO LOOK AT THIS RELATIONSHIP
The next step was to take a much longer view of price and volume. Figure 7.5 shows the results of the same entry, but only when a 50-day moving average of price is down and over the past eight days both the moving averages of price and volume are higher—a down market scenario with a rally that has seen a pickup in volume.