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 (176)	7/20/2004 6:43:10 AM
From: coferspeculator	Read Replies (1) of 14340

Watch List Stocks-Activity for July 19 This is one of several stocks mentioned on Todays Watch List FLEX-After hours FLEX announced earnings and guidance for the coming year. The results were met by heavy selling with FLEX down over 10%. Should FLEX open below $13, targets from the UTAD and the first phase conservative count from the LPSY at $17 will be met. Tomorrow's action could be a SC so consideration of what the goals and targets were when this trade was put on should be re-visited. A review of FLEX in the Reports of June 2nd provided several targets. There is a potential target of $11 from the LPSY so selling down to a close under $13 may offer some evidence that this area might be PS. If the original position was taken with this target in mind, the actions in the coming days will indicate if attaining that target is possible. If the original position was taken with a target of $13 (+20%) then exiting all or at least half the position is suggested.

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