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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: coferspeculator who wrote (81)5/14/2004 10:39:59 AM
From: coferspeculator  Read Replies (1) of 14340
 
Watch List Stocks-Activity for May 13

This is one of several stocks that were discussed on the Daily Watch List

CAT-Today it traded up to the short term supply line off the upthrust in April. Its response to the spring position has been weak. The target for the first phase count was $74 has been attained and this is the ice level. There is a larger downside target that includes two phases but before that can be considered CAT will need to break the ice that is in place. This break will require large volume and increased spread.
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