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

To: coferspeculator who wrote (184)	7/27/2004 4:59:01 PM
From: coferspeculator	Read Replies (1) \| Respond to of 14340

Today the market traded up throughout the day finishing near it's highs with an increased spread on higher volume. The strong move to the upside found investors following speculators in the morning as volume increased intra-day with the market finishing in a neutral position. Today the market responded to the spring condition of yesterday as it refused to exit the trading range that has been in place for most of the year. While it is likely that a test of this high volume area is probable, the character of the past two days action appears to be volume off the bottom. The participation of the investor group is an added positive. As mentioned in the weekends report this action frequently signals a reversal in the market so careful attention to the action in the coming week is required. This can be a good position for the taking of long positions since target objectives offer great R/R ratios here. It is important to make sure that the 3-1 ratio is there. Additionally, there are many stocks currently in the neutral and #1 positions so there is no rush to get in the market in the next few days. If this is the beginning of a rally back to the top of the range, there are many obstacles that need to be overcome. These obstacles will provide the opportunity to make sure that entries are made at the best time.