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 (101)	5/27/2004 10:32:28 AM
From: coferspeculator	Read Replies (2) of 14340

Watch List Stocks-Activity for May 26 This is one of several stocks mentioned in Today's Watch List GLW-The targets from the LPS in April '03 offered an aggressive target of $13 1/2 on the .50 chart. With a PS at $12 1/2 and a BC at $13 1/2, an ending action occurred. The count from the ST in March to the BC provided a potential target of $10 which was reached in mid-March on high volume. A second test of the lows of mid-March provided a potential target of $14 which would be the beginning of an effort to jump the creek. The response to this test was a potential SOS that ended in an upthrust. The move back down to the half-way point and the spring condition in mid-May provided an LPS of the potential SOS and negated the upthrust. The result of the spring has found GLW breaking the supply line off the high as well as the resistance line of the short term trading range during April. Targets from the more conservative $1 chart provide a stepping stone count of two phases. The first targets the $15 area and the second $19-$20 area. These stepping stone areas have confirmed counts on the $1 chart from LPS positions from last year.

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