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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: Steve from CA who wrote (13720)4/25/2015 12:17:43 PM
From: Steve from CA   of 14340
 
I found some info that might be useful, to answer my own post.

4 Possibilities of getting into a trade:

1. Market opens higher, stock opens higher: Buy immediately.

2. Market opens higher, stock opens lower: The bullish sentiment isn't there, or it could mean there has been some profit-taking on the open. Wait for the price to come back up through the previous day's close. This is an indication that the bulls have stepped in.

3. Market opens lower, stock opens lower: Do not enter the trade.

4. Market opens lower, the stock opens higher: We don't have to buy immediately. We can wait a few minutes to see what the overall consensus is with the stock. if it continues to show strength even though the market is weak, it can be bought, because it tells us that the big money is buying it.
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