Classic Price-Volume Analysis

Classic Price-Volume Analysis is a book on price-volume analysis by Taiwanese securities analyst Yang Jihong, written from more than forty years of stock market research and practice; a revised edition was published by Guangdong Economy Publishing House in 2017. Starting from the relationship between "price" and "volume," the book categorizes market conditions into basic combinations such as price up with volume up, price down with volume up, price flat with volume up, price up with volume down, price down with volume down, price flat with volume down, price up with volume flat, price down with volume flat, and price flat with volume flat. It then subdivides them, according to the stock price's position (the day it rises to a high, the day it falls to a low, or between high and low), and whether huge volume, suffocating volume, or upper and lower shadows appear, into individual "patterns" that can be checked against. For each pattern, the author gives identification criteria, possible subsequent variations, and corresponding trading strategies, supported by candlesticks, new price lines, peak-valley lines, and various technical indicators. The book emphasizes that "a one-minute check of the pattern tells you whether to buy or sell," and its exposition is concise; it applies to stock and futures market analysis and is suitable as a reference book on price-volume analysis to consult repeatedly.