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	4/28/2004 10:44:35 AM
From: coferspeculator	of 14340

INTRA-DAY ALERT/UPDATE: XAU This morning the XAU has hit the 82 target that was forecast earlier. It has done this on wide spread and very high volume. At this moment it is at the lows of the day. A number of the gold stocks are also hitting or have surpassed their targets. They are also doing so on wide spread and significantly greater volume. Taking some of the profits that have been accrued on short positions should be considered. There is a larger downside target but that requires looking at another phase. A rally from these lows might be expected so consideration should be given to how to manage this trade if it hasn't already been done.

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