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

To: coferspeculator who wrote (109)	6/3/2004 7:29:08 AM
From: coferspeculator	Read Replies (1) \| Respond to of 14340

Watch List Stocks-Activity for June 2 This is one of several stocks mentioned on Todays Watch List OI-Last Friday OI broke out through the top of an apex on significantly greater volume and spread. Today, it followed up that action with an attempt to jump a major creek. This occurred with similar high volume and spread. Today's action finds OI attaining the first phase target of a conservative count off the $11 line. There is a second phase target for two phases offering an $18-$21 target. There is a potential third phase offering much higher targets. There is a major resistance level and creek in the area OI closed at today. This goes back to December '02 and July of last year. This may offer resistance to the move at this moment but the character of the action has been very good for many months. This could be the beginning of the mark up phase, so the action in the coming days in measuring the success of the jump should be carefully watched. There is one other major obstacle in the $19 area from April of '02 before the mark-up phase for longer term speculators might be considered but the current area is a more important one for the short and intermediate term speculator.