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	4/15/2004 7:17:08 AM
From: coferspeculator	Read Replies (1) of 14340

HDI-Entered a spring position on March 23 and responded with a jump across a minor branch as it broke to the upside of an apex six days later. It jumped a major branch a week later and then jumped a major creek yesterday, going into new all time highs satisfying the $59 targets from both the LPS in early July, '03 as well as the stepping stone count of last month. From the backup of the jump from late July '03, targets are in a range of $63 (most conservative) to $72. The stepping stone count of March offered an aggressive count of $64. Expect a backup and a better position to take new positions or to add to existing positions. Such a back up could offer a good potential short to intermediate trade. The realization of the original target of $59 has provided a return of over 50% and still has the possibility of returning over 84% since July '03. The current nearly overbought situation may allow for a continued upward move so those having positions should make the decision now where they will exit if they haven't already done so. That will keep the greed factor from playing a role in the coming weeks. A position taken on the spring when the market was oversold offered a potential 20%-30% profit. An excellent short to intermediate possibility.

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