Week 3 Review
                       During week 3 we demonstrated some of the key  price,volume, range and time relationships that  if  followed  with  only  averageability will place you in trades that have high predictive probability.
                        Volume  precedes  price  –  is  stock  advancing  onincreased volume or declining on light volume. (sells reversed)                       Range Expansion – WRB’s  on  increasing  volume  withclose in top or bottom of range tells us about the  supply/demand  situationof the stock. Are the buyers reaching for stock or are  the  sellers  havingto give up price to get out?                       Price & Time – Where is a stock closing  relative  toprevious days. Trading above or below previous 5 days  is  more  significantthan one day. Closing above or below the same 5 days is most significant.                       Range Contraction – If after a  move  up  you  see  anarrowing of range and increased volume  it  could  mean  the  sellers  havearrived and the buying/selling pressure equation  has  shifted.  It  is  thereverse on the downside if you see narrowing range and increase in volume.                       Remember; always look to see if you are  at  any  keyinflection points which would  help  confirm  your  observation.  Are  theirrising lows prior to key buy inflection points? (Sells  reversed)  Is  stockclosing above or below the midpoint of its daily range? More importantly  isthe stock closing in the top or bottom of its range?