We may ask ourselves three questions: 1. Is Volume still relevant today? 2. Is it relevant to the market I trade? 3. Can it be applied to all trading and investing strategies?
Let me try to answer the first if I can with an extract from Stocks and Commodities magazine. The following quote was by David Penn, a staff writer at the time for the magazine, who wrote the following about Wykcoff in an article in 2002:"Many of Wyckoff's basic tenets have become de facto standards of technical analysis: The concepts of accumulation/distribution and the supremacy of price and volume in determining stock price movement are examples."
The second question, I can only answer from a personal perspective........