PrintNumber ErrorLocation Error Correction DateAdded
1 piv First Printing February 2011 First Printing February 2011 with corrections November 2012

ARP: First Printing: November 2012
4/7/2011
1 pxvi Philip M. Roth Philip J. Roth 11/6/2012
1 p38 Charles Dow, founder of The Wall Street Journal and the namesake of the Dow Jones averages, believed that a high volume indicated a more accurate price and that, in turn, volume actually led price. Charles Dow, founder of The Wall Street Journal and the namesake of the Dow Jones averages, believed that high volume indicated a more accurate price and that, in turn, volume actually led price. 11/6/2012
1 p39 This chapter discusses how volume provides essential information in two critical ways: by indicating a price change before it happens and by helping the technician interpret the meaning of a price change as it happens. This chapter discusses how volume provides essential information in two critical ways: by indicating a price change before it happens and by helping the technician interpret the meaning of price change as it happens. 11/6/2012
1 p49 Many academics1 (re)discovered the positive correlation between trading volume and price change in their research. Many academics1 (re)discovered the positive correlation between trading volume and price change in their research (See Table 5.1). 11/6/2012
1 p61 Another bullish formation is a stock moving much higher, closing at or near the high on high volume (see Figure 6.5 and Figure 6.8). Another bullish formation is a stock moving much higher, closing at or near the high on high volume (see Figure 6.5 and Figure 6.7). 11/6/2012
1 p79, 80, and 81 please add the date “1935” to all Harold M. Garley quotes fixed 11/6/2012
1 p84-92 Table 7.1 corrected. fixed 11/7/2012
1 p100 However, each advance goes a little less high than the previous advance. However, each advance goes a little less higher than the previous advance. 11/7/2012
1 p113 Unlike for the art of tape reading, you can use scientific methods to test these indicators to see if they provide useful information. Unlike the art of tape reading, you can use scientific methods to test these indicators to see if they provide useful information. 11/7/2012
1 p127 This idea was believed to have first been conceived as cumulative volume by Frank Vignolia, also known by his pseudonym of Woods in as early as 1946. This idea was believed to have first been conceived as cumulative volume by Frank Vignola, also known by his pseudonym of Woods in as early as 1946. 11/7/2012
1 p164 Figure 16.3 missing labels.
1 VWMA
2 Tie
3 SMA
fixed 11/7/2012
1 p187 Table 17.1 wrong fixed 11/7/2012
1 p191 Figure 17.7 and 17.8 wrong fixed 11/7/2012
1 p193 Figure 17.10 wrong fixed 11/7/2012
1 p194 Figure 17.11 wrong fixed 11/7/2012
1 p206 Effective Volume Ration Effective Volume Ratio 11/7/2012
1 p220 By far the most popular of such ratios is the Arms Index, named after its innovative developer, Richard Arms. By far the most popular of such ratios is the Arms Index, named after its innovative developer, Richard Arms, Jr. 11/7/2012
1 p238 Figure 19.6  S&P 500 cap-weighted volume on April 16 versus Flash Crash on May 6 (2010). Figure 19.6  S&P 500 cap-weighted volume on April 16. 11/7/2012
1 p238 Using the prior example of the Flash Crash, cap-weighted upside/downside volume crossed under its 19-day and 29-day exponential moving averages on Monday, May 3, three days before the Flash Crash. The 19 and 29 days represent a modified McClellan oscillator of cap-weighted upside/downside volume. Using the prior example of the Flash Crash, cap-weighted upside/downside volume crossed under its 19-day and 39-day exponential moving averages on Monday, May 3, three days before the Flash Crash. The 19 and 39 days represent a modified McClellan oscillator of cap-weighted upside/downside volume. 11/7/2012
1 p255 Figure 20.7  AVSL trailing stop. The white dots are the stop points. Figure 20.7  AVSL trailing stop. The small crosses are the stop points. 11/7/2012
1 p262 However, if the VPCI moves downward while the broad market moves higher, then the VPCI index contradicts the price trend. However, if the VPCI index moves downward while the broad market moves higher, then the VPCI index contradicts the price trend. 11/7/2012
1 p271 This test was performed on individual stocks of the S&P 500 from January 1, 2010, through April 30, 2010. This test was performed on individual stocks of the S&P 500 from January 1, 2000, through April 30, 2000. 11/7/2012
1 p272 Figure 21.8 is too dark. Replace with new figure. fixed 11/7/2012
1 p272 As further discerned from the test results, the optimal place for stock investment was at the top with the issues in the mostly bullish volume index. As further discerned from the test results, the optimal place for stock investment was at the top with the issues in the most bullish volume index. 11/7/2012
1 p279 Figure 21.14 has in the lower left corner 1.57 twice. fixed 11/7/2012
1 p279 Direction Trumps Location Location Trumps Direction 11/7/2012