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

To: coferspeculator who wrote (169)	7/11/2004 8:24:32 AM
From: coferspeculator	Read Replies (1) \| Respond to of 14340

On Friday the market traded up with with a smaller spread on lower volume finishing near the middle of it's range in an nearly oversold condition. While the market closed near it's mid point, supply met demand in the morning and the character of the action wasn't bullish. The character of the action has been bearish for the past week. The market ended the week near the midpoint between it's recent highs and the lows of mid-May. Pressure to the downside is greater than it was at the year's lows. This divergence at today's price level is positive as is the current nearly oversold condition. Additionally, a comparison of the percentage of stocks in the number one, number three and neutral areas of our position sheet this weekend with that of previous weeks suggests that a potential rally in the coming days is likely. Still the overall character of the action and comparisons of the weekly activity of the position sheets is not bullish at this time so caution is suggested and any trades being considered for an up move should be aggressive in nature and focused only on the best acting candidates for a short term speculation. A breakdown of the percentage of stocks in those groups showing the most