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

To: coferspeculator who wrote (79)	5/13/2004 9:22:01 AM
From: coferspeculator	Read Replies (1) \| Respond to of 14340

Watch List Stocks-Activity for May 12 The following is one of several stocks that were listed today on the Daily Watch List MOT-In June '03, MOT jumped a minor creek and the back up provided a two phase target - the first being $19 and the second $26. During the fall a major creek was jumped and the LPS offered a target of $26-$31. MOT exceeded it's original target of $19, reaching a high of nearly $21 on high volume with a potential ending action. This action found MOT jumping a major creek and line of resistance that has existed for nearly three years. This base offers a speculative, multi-phase target that would exceed the past highs in excess of $65. One step at a time, however. The backup over the past several weeks has occurred on diminishing volume and has respected the long term resistance level offering the promise that this will become support. The character of the action finds MOT acting stronger than the market during this last swing during it's reaction to the half-way point and the meeting of it's long term demand line. A stepping stone count is now in place that offers a target of $24. With several counts offering the potential of $24-$26 (over 25%-40%), MOT should be considered for short and intermediate term speculations as the position, trend and timing for market entries indicates upside progress. Stops should be place offering a reward/risk ration of 3-1.