I had told yesterday looking at the OBV charts that we would get a correction tomorrow. If price attracts volumes then price had closed higher yesterday. There is no weakness in price yesterday. What gives away the hand of the market makers is volumes more often than not.
obv is good indicator just like any other indicator. its good to be adamant about something which you use and treat it ultimate. but tht does not mean you should be ignorant about reality.
this is an endless and useless discussion which precedes what price or volume. its like chicken comes first or egg.
btw i am a wyckoff expert had done full length course from wyckoff institute. and there is not bigger authority than Wyckoff on volume analysis. But tht does not mean he was blinded by volume he also analysed price action first.
effect of volume can be seen in price action without any volume panel or any volume base indicator. PA if understood properly (which is extremely difficult to master) you dont need volume. and even if you are using volume good but tht does not make non volume stuff weak.
regds,