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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: coferspeculator who wrote (23)5/1/2004 12:13:53 PM
From: fedhead  Read Replies (1) of 14340
 
I think I follow the basic concept. You decide what the
intermediate trend is and buy on the reaction to the trend,
so you buy oversold stocks in a bull market and short over
bought stocks in a bear market. I have a couple of questions

1. Why not look at stocks that are close to making new highs just as the market is coming off oversold readings ,
Aren't these the ones likely to make the fastest moves ?

2. How do you decide that the reaction to an uptrend is not the first leg down in a bear market , in which case
oversold readings get a lot more oversold ?

3. Do you look at fundamentals at all like earnings growth
etc in compiling your list of stocks ?

Thanks
Anindo
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