The number of traders trading an index is fairly constant in the short term. The number of traders trading an individual stock can fluctuate drastically.
??? " Spydertrader's Jack Hershey Equities Journal II" http://elitetrader.com/vb/showthread.php?s=&postid=1308609&highlight=etf*#post1308609 ??? http://elitetrader.com/vb/showthread.php?s=&postid=1089913&highlight=etf*#post1089913 ??? http://elitetrader.com/vb/newreply.php?s=&action=newreply&postid=1317644
PVT - A System for trading Equities. Price Volume Relationship - Methodology used to describe any market behavior. You've just asked me why one can't use oranges to bake an apple pie. Again, the Price Volume Relationship works on any market on any time frame (provided sufficient liquidity) exists. What Jack calls, 'PVT' represents a system specifically for trading equities. Two different things. You have chosen (once again) to arbitrarily determine PVT = Price - Volume Relationship, when clearly, the two terms are not synonymous. A two year old could make the distinction, yet for some reason, you cannot. - Spydertrader
I traded the SPY, QQQ & DIA long before I ever read about Jack Hershey on USENET. Another relatively simple concept which somehow eluded your ability to comprehend. - Spydertrader
??? " Spydertrader's Jack Hershey Equities Journal II" http://elitetrader.com/vb/showthread.php?s=&postid=1308609&highlight=etf*#post1308609
Reading Comprehension still not one of your strong suits. Did the quote you provided ask about PVT or did it ask about SCT? Hint: PVT is Daily, not 5 minute. - Spydertrader
? Probably you have not follow the methods (or improved comprehension skills) well enough to attain that level of results Yet! http://elitetrader.com/vb/showthread.php?s=&postid=1971916&highlight=no+loss#post1971916