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: TedPunts who wrote (14033)	9/26/2016 5:50:40 PM
From: Joe Highlander	Read Replies (1) of 14340

It sure is possible and likely that I don’t get it and don’t see it. Selling on the way up is certainly excellent rule. I don’t know what trigger to use to sell on the way up. I have looked for ideas but have not found any. Selling at what looks like climax top should be easy but for me it is not either. I have found that at times analysts don’t update the targets. Some remain bullish for no good reason. Some remain bearish all the time that stock runs up a whole lot. Their numbers dilute the better analysts’ numbers and make consensus much less useful. Our method is called best trend, not just any trend, for a reason. I know I am a slow learner but yet. Our friend PT1950 a year or two when I asked said that they don’t sell at “over-valuation”. I asked T what to do when I never had and don’t have any faith in utility of consensus or the high targets listed. The advice was to use what I was comfortable and can follow indefinitely. So I only sell on pull backs. My plan says never sell more than one third on the day when I think there is a sell signal- to give some time for re-evaluation, but often I don’t follow this rule. The methodology here keeps improving, like continuous quality improvement. So, I expect that sell at full valuation or overvaluation will in time be replaced by something better. It is good to see you and other doing very well and have no issues with this rule. Best Regards

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