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 started this subject	6/11/2004 9:06:14 AM
From: coferspeculator	Read Replies (1) of 14340

Today (Thursday) the market had an inta-day failure to the downside and finished near the highs on narrower spread and lower volume. It finished the day in a NEUTRAL position as supply failed to follow through from yesterday. The intra-day failure was the result of the withdrawal of demand allowing limited supply to move the market to the downside. That limited supply was then meet by very limited demand and the market closed near it's highs for the day. At this time the limited pressure to the downside indicates that a reaction to the recent highs is likely. The possibility of a retest of the lows of this year isn't likely unless that pressure increases significantly in the coming weeks. Without this, current positions should be monitored carefully but don't have to be closed. Let the stops (exits) take care of themselves as long as guaranteed profits have been locked in by moving the stops up to the appropriate exit points.

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