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Strategies & Market Trends : Timing the Trade the Wyckoff Way -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (54)	5/1/2004 4:45:19 PM
From: coferspeculator	Respond to of 14340

Hi Anindo, Great questions. A brief answer to all three is below but I'd suggest if want a great more detail that you get a copy of "Charting the Stock Market-The Wyckoff Method" by Jack Hudson. That will provide the detail that I don't have the space or time to offer. It's a great overview of the methodology and costs under $15. 1) Not necessarily. The springboard (Step 4, home page) requires the identification of stocks that will move the soonest, the fastest and the FURTHEST! Many of the stocks that fail when they breakout to new highs don't have a great deal of additional appreciation left in them. Wyckoff users require that the best stocks be chosen and they need to be the ones that will move the soonest, fastest and furthest. Some of those will be stocks breaking out to new highs but they will be the ones that have a great deal of upside potential that will have been identified at an earlier time. Wyckoff users utilize a unique process for identifying that potential. It's a process that's proven to be very good for nearly 100 years. 2)The Wyckoff methodology identifies a number of actions that will indicate the likely end to a bull move. Wyckoff users don't go long in a major downtrend. Oversold/overbought is determined individually for price and volume. Most OS/OB indicators are only price related. 3)No. Wyckoff users recognize that the forces behind price movements have already factored in earnings growth long before it shows up in the quarterly reports. Over the years it's amazing how often short trades are identified that have super EPS numbers and are beating estimates as they fall apart to the downside. I hope that helps and you are most welcome to post here.