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

To: coferspeculator who wrote (140)	6/20/2004 8:49:41 AM
From: coferspeculator	Read Replies (2) \| Respond to of 14341

Watch List Stocks-Activity for June 17 ASCA-After an ending action during the first week of April, an apex has formed off those highs and the lows from this past November. A second apex is forming off the highs and the support line at $31. This support line has absorbed the selling pressure for nearly two months and recent action is suggesting that the supply is starting to diminish. The possibility of a test of the current spring seems likely and the result could offer a potential entry. A #3 spring would offer an immediate opportunity if the market was positioned correctly There is currently enough cause in this area to provide a move above the old highs up to nearly $42. This would result in a jump. As a result careful attention should be given to the actions in the next weeks. A test of the current spring or a number three spring offers upside potential. A number one spring would result in the breaking of the ice level, in which case a back up would offer evidence as to whether this is a terminal shakeout or a further move to the downside.

To: coferspeculator who wrote (140)	7/16/2004 6:44:47 AM
From: coferspeculator	Read Replies (2) \| Respond to of 14341

Watch List Stocks-Activity for July 15 This is one of several stocks mentioned on Todays Watch List VAR-Mentioned in June 16ths report, this one has exceeded the $68 target and is experiencing a potential PS or SC at this time. It is likely the former since there isn't evidence of a PS at this moment. In the 6/16 report it was suggested that there were additional lower targets. The next target from the LPSY at $88 is $64. This is confirmed by a target of $63 from a count taken from one of several phases at the LPSY of $84. This would be the first area to suggest a SC and should be watched. Positions taken during the last days of June or early July have resulted in profits of over 15%. There are additional phases from the $84 level offering targets from the highs indicating $59 and from the level itself showing $51. Since VAR is now touching the oversold line of the channels drawn from the highs of the year a rally is expected.