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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: coferspeculator who started this subject4/12/2004 8:35:39 PM
From: coferspeculator  Read Replies (1) of 14340
 
Watch List Stocks- Activity for Monday 4/12

AUO-Has reached the $22 target from the LPS@12. Has also reached the $23 target from the recent stepping stone count from the $18 level. At this time their isn't any additional count left. With the ATR at less than a $1, moving stops up to within a $1.50 of the most recent highs ($24.29 today) will assure the maximum profits targeted and may provide for more profits should this one continue to move upwards.

SSTI-Continues with it's jumping of the creek (SOS) on it's way to it's first target of $19. The SOS has been nearly a straight line up move from the spring during the last week of March. This is a good example of "going with it" on a spring action. The target of $19 from the spring in the $11-$12 area offered over 50% potential.

The original count from the LPS in late September provided for a maximum count of $26. The recent SOS has had such strength that the possibility that SSTI could reach this goal after a constructive backing up to the edge of the creek (LPS) in a market that becomes oversold shouldn't be dismissed.
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