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	5/11/2004 5:35:03 PM
From: coferspeculator	of 14340

Today, the market traded higher ending the day near its highs with a narrower price spread on reduced volume ending the day in a neutral condition. Today's action indicated that some demand came back into the market as supply was withdrawn. The decrease in downside pressure evident in the tech area provided an opportunity for demand to enter the market which it did. In the coming days that demand must continue and when it meets supply a better idea as to how far the current rally will progress can be determined. At this time, todays action offered no indication that demand will be great enough to move the market back up into the trading range resulting in a spring of the lows.

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