Timing the Trade the Wyckoff Way Message Board

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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: coferspeculator who started this subject	4/14/2004 4:38:26 PM
From: coferspeculator	of 14340

Today the market began the day with a failure to the downside as demand met supply. The market had an intra-day failure to the upside as demand was withdrawn and closed in the upper half of a narrower spread on sustained volume as demand re-entered the market late in the day. The market closed in a nearly oversold condition. The ability of the market to hold above the short term 1/2 way points in the major indexes was a positive for the market today as supply was met by demand. The ability of demand to control today's action and the nearly oversold condition of the market indicates that the first likely successful test of the March lows may occur later than originally expected. Should the half-way points hold and demand come back into the market, then a possibility for a short term rally in the coming days is likely. This would delay the test of the lows of March.

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