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 wrote (86)	5/19/2004 11:09:48 AM
From: coferspeculator	of 14340

Watch List Sector and Stocks-Activity for May 18 The Metals and Mining Group recently attained the downside targets from upthrust that occurred in late February. The PS, SC, AR, ST confirmed the likelihood the ending action. This ending action has occurred at the half way point from the spring in April '03 and the recent upthrust - a long term perspective. Today's action found the group trading on a wide spread with higher volume closing above the supply line off the upthrust. Additionally, we have a Wee or a break above the first leg of the N formation. This is the AR point so it merits close attention. If this move continues up, which seems likely at this moment, then the possible SOS that has begun should take the group up to or through the PS level. The count from this level assuming a good LPS would target the previous trading range. This action finds this group acting stronger than the market so I've commented on some of the stocks from that group. The stocks mentioned below are ones to be keeping an eye on. I'll be updating the XAU and it's stocks tomorrow.

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