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 (75)	5/12/2004 9:44:57 AM
From: coferspeculator	Read Replies (1) of 14340

Watch List Stocks-Activity for May 11 The following is one of several stocks that were listed today on the Daily Watch List LPX-During the last week of May '03, LPX jumped a minor creek after it exploded out of an apex. The count from the LPS that followed the SOS at $11 offered a target of $26, which was attained late in March. LPX traded within a narrow range for the next three weeks on lower than average volume. In the past two weeks it has moved to the downside on increasing spread and higher volume as it has broken its long term and intermediate term demand line. This is bearish. The potential SOW that has been taking place for the last few weeks finds LPX in a very oversold condition. The expected rally in the coming days should be watched carefully. The establishment of a LPSY will provide for a count that should offer a good reward/risk as a short candidate.

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