SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Timing the Trade the Wyckoff Way
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: coferspeculator who started this subject4/20/2004 8:02:51 AM
From: coferspeculator  Read Replies (1) of 14340
 
Watch List Stocks-Activity for April 19

SSTI-Recently mentioned (Watch List Report for 4/12), it backed up to the creek and closed in the upper half of it's spread on Friday on good volume. The absorption of supply offered the likelihood of further upside progress which was confirmed by the action today. Additional evidence included the ability to hold above the half way point off the lows in late March. The target of $19 offered the short term speculator a possible profit in excess of 20% if they entered anytime prior to noontime yesterday. A stop placed below Friday's low offered the required 3-1 ratio that we desire.

YHOO-Mentioned on Sunday 4/11, appears to be making the attempt to reach it's next target of $59. The ability of demand to control the action on the mornings of 14th and the 16th, as well as yesterday afternoon and the inability of supply to push prices down towards the creek offered speculators some evidence that adding to positions or taking new positions could be considered. Short term speculators targeting $59 and buying in the $54 vicinity could set their stops below the $53 1/2 area. This would provide a potential profit of 10% and a risk/reward ratio of 3-1. Intermediate or longer term speculators would be targeting the $79 level and attempting for a gain in excess well in excess of 50% so would be setting their stops much lower.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News