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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: coferspeculator who wrote (85)5/18/2004 6:00:42 PM
From: coferspeculator  Read Replies (1) of 14340
 
Today the market traded higher with a decreased spread on lower volume ending the day in the upper third of the range in a NEUTRAL condition. The combination of price spread and volume indicates a withdrawal of supply. While the price spread was good the limited volume offered little support to the bullish hope that demand will push the market back up into it's earlier trading range.
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