Timing the Trade the Wyckoff Way Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Timing the Trade the Wyckoff Way

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: coferspeculator who wrote (157)	6/30/2004 5:40:17 PM
From: coferspeculator	Read Replies (1) of 14340

Today the market had an intra-day failure to the downside and finished in the upper third with similar spread and higher volume, ending the day in a nearly oversold position. Today's intra-day failure was a result of demand meeting supply. Today's action offered confirmation that the action for the past few days appears to be absorption. The continued effort to move back above the highs set several days ago as the market is positioned in a nearly oversold condition offers little likelihood of any major downside action. As mentioned yesterday, the increase in pressure to the downside without price failure is indicative that absorption is succeeding.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next