“Volume follows a trend”

Entry in progress—B.P.
   
Google Books
A Treasury of Wall Street Wisdom
By Harry D. Schultz and Samson Coslow
Palisades Park, NJ: Investors’ Press
1966
Pg. ?:
Volume “follows the trend”; i.e., it increases on rallies and decreases on reactions in an over-all up trend, and vice-versa. But use this rule judiciously ; do not place too much dependence on the showing of a few days, and bear in mind that even in a Bear Market (except during Panic Moves), there is always a slight tendency for activity to pick up on rises.
 
Google Books
Understanding Direct Access Trading:
Making the move from your online broker to direct access trading
By Rafael Romeu
New York, NY: McGraw-Hill
2001
Pg. 114:
VOLUME FOLLOWS THE PRIMARY TREND
 
Google Books
Technical Analysis of Stock Trends
By Robert Davis Edwards, John Magee and W. H. C. Bassetti
Taylor & Francis, Inc.
2006
Pg. 320:
Volume “follows the trend,” i.e., it increases on rallies and decreases on reactions in an overall uptrend, and vice versa.
 
Outside The Box
Oops! Market Volume Fading…
Posted by: jhamon | June 25, 2009
From the pen of MysteryHedgie:
 
US equity trading volume…As the attached chart shows, it is bad and getting worse.  The last time that volume was good was May 7, when the TRAN Index topped and the divergence with the INDU began that has Dow Theorists bearish.  An old saying has it that “Volume follows the trend” and for the time being,  both are down.
 
Google Books
The Evolution of Technical Analysis:
Financial prediction from Babylonian tablets to Bloomberg terminals
By Andrew W. Lo and Jasmina Hasanhodzic
Hoboken, NJ: Bloomberg Press
2010
Pg. 98:
Until 1910 he clove to the old Wall Street maxim that volume follows a trend — in other words, that volume on rallies indicates strength, while on declines it indicates weakness.
   
DailyFX
Equities: The Picture of an Unhealthy Market
By Jamie Saettele, Sr. Technical Strategist
11 January 2011 20:32 GMT
(...)
If the old adage that ‘volume follows trend’ has any merit, then this market is unlikely to hold up much longer.