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 (160)	7/7/2004 8:10:30 PM
From: coferspeculator	Read Replies (1) of 14340

Watch List Stocks-Activity for July 7 This is one of several stocks from todays Watch List NEM-The only stock on today's list that showed strong bullish activity as it appears to be attempting a JAC on increased volume and spread, finishing near it's highs for the day. While the potential JAC is important it is more important to see what NEM does in the coming days since it has entered the ice level that it fell through this past April. This is often a major hurdle but the character of today's action appears to offer evidence that it will continue it's move to the upside. NEM has two phase conservative targets of $42 and $46. It has a potential target of $49. A back up in the coming weeks would likely offer additional substantiation of the last target.

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