Wyckoff Resources

[DbPhoenix]

Originally Posted by disperados-x I have edited the message since have understood not correction its question. I have understood that you not introduce;make familiar with with material these course Stewart Taylor and Pruden. Itself I their already studied. Particularly course Pruden SMI and book Behavorial Skill, with S.Taylor I while sign less. In course SMI from Pruden I have found the general principles from Behavorial Skill and separate parts from the other work possible most Wyckoff - absorption, hypodermix, stopping volume and others, but they were without explanations (only pictures). I it is difficult to judge about that pertain these notions to original Wyckoff. Since from his(its) original work I sign only with Studies tape reading (in her is not revealled essence of the method trading range) and Investing in stock and bonds (little useful information). But read Coppola, Forte, Pruden, Williams, Taylor, Hutson, Db. So I should like to honour Stock market technique. I seem in her are stated main notions trading range (the type hypodernix, absorption, springboard and other) in original Wyckoff. I am a rights? Itself I bad know english so paper texts for me not available since translation by means of computer translator.

Yes, language can be a bitch, but we'll keep at it

And, yes, examples mean more than verbal explanations. A picture's worth a thousand words and so on.

So, let's move on to your specific concerns rather than go on again about concepts.

Absorption is first addressed in Section 7, p 8.

Hypodermics are first addressed in Section 7, p 11, and Section 8, pp 5 and 15.

Springboards are addressed in thirteen different sections, beginning with 4 (not posted here), 7, and 8. Use Ctrl+F to locate the specific pages. You can also refer to the springboards section of my blog.

As for "stopping volume", this is not mentioned in Wyckoff's course, though it's pretty self-explanatory, i.e., volume which is heavy enough to stop price in its tracks. This type of volume can often be found in climaxes, though it often occurs shortly after what appears to be -- at the time -- climactic volume.

If there's anything more than doesn't have to do specifically with Wyckoff Resources, feel free to take advantage of the Ask Any Wyckoff-Related Question or Trading the Wyckoff Way, or any other thread which may be more specifically related to your question. Annotated charts are probably going to mean a lot more to you than more verbal explanations.

[disperados-x]

Originally Posted by DbPhoenix Yes, language can be a bitch, but we'll keep at it And, yes, examples mean more than verbal explanations. A picture's worth a thousand words and so on. So, let's move on to your specific concerns rather than go on again about concepts. Absorption is first addressed in Section 7, p 8. Hypodermics are first addressed in Section 7, p 11, and Section 8, pp 5 and 15. Springboards are addressed in thirteen different sections, beginning with 4 (not posted here), 7, and 8. Use Ctrl+F to locate the specific pages. You can also refer to the springboards section of my blog. As for "stopping volume", this is not mentioned in Wyckoff's course, though it's pretty self-explanatory, i.e., volume which is heavy enough to stop price in its tracks. This type of volume can often be found in climaxes, though it often occurs shortly after what appears to be -- at the time -- climactic volume. If there's anything more than doesn't have to do specifically with Wyckoff Resources, feel free to take advantage of the Ask Any Wyckoff-Related Question or Trading the Wyckoff Way, or any other thread which may be more specifically related to your question. Annotated charts are probably going to mean a lot more to you than more verbal explanations.

Thank you Db!
You may briefly describe the contents of the book Wyckoff -Stock Market Technique? Never read this book, there is in her description of the action in trading range and main notion glossary Wyckoff? Cost(stand)s her(its) read for the best assimilation philosophy Wyckoff and his(its) notion, or it is enough information this Wyckoff forum, SMI course, and opinions Pruden, Coppola, Forte, Williams and others?

[disperados-x]

Has Read the reviews about Stock Market Technique on Amazon. The Conclusion - in book one Philosophy not revealling essence of the method Wyckoff. There is beside Wyckoff books which reveal the essence of his(its) methods to trade or this only in SMI course?

[DbPhoenix]

Originally Posted by disperados-x Thank you Db! You may briefly describe the contents of the book Wyckoff -Stock Market Technique? Never read this book, there is in her description of the action in trading range and main notion glossary Wyckoff? Cost(stand)s her(its) read for the best assimilation philosophy Wyckoff and his(its) notion, or it is enough information this Wyckoff forum, SMI course, and opinions Pruden, Coppola, Forte, Williams and others?

Originally Posted by disperados-x Has Read the reviews about Stock Market Technique on Amazon. The Conclusion - in book one Philosophy not revealling essence of the method Wyckoff. There is beside Wyckoff books which reveal the essence of his(its) methods to trade or this only in SMI course?

I no longer have any of my Wyckoff books. I was introduced to Wyckoff in the late 90s and the material made so much sense to me that I knew I'd be wasting my time with anything else. So I bought everything I could find that Wyckoff had written (nearly all of which is available on Amazon), but, even though I got a relatively good idea of Wyckoff's thoughts regarding the markets and market participants and so forth, it wasn't specific enough. I didn't know how to translate all that into a trading strategy. The most valuable book in that regard, until I obtained a copy of W's course, was the Hutson book, Charting the Stock Market.

As to what is enough, I guess that depends on how interested you are in the approach. Certainly anything that W wrote would add to your knowledge of and appreciation of how he approached the market and trading. But is it necessary to read all that? No.

As to the glossary, there's one here.

As to how to interpret the action in a trading range, I can think of a couple of examples offhand -- there's one here and here regarding the trading range that occurred in the NQ in May and a series of posts beginning here that address the behavior of price in a hinge, which is a special kind of trading range/springboard -- but there are more. Perhaps other members might remember an example in one of the threads that stuck with them and helped clarify something for them. I also suggest, again, the Most-Thanked Posts Sticky, which is only 60 or so posts as opposed to a thousand. Once you've real all that, plus the other stickies, plus the threads in the forum, plus my blog, then you'll know whether or not you need to buy books.

Note: Wyckoff goes into the process of trend, rest, trend, rest, trend, rest, the rests being trading ranges or springboards or both. But Auction Market Theory goes into the why trading ranges occur in the first place, and understanding that might help you understand what's going on and why in whatever range you're looking at.

[tape reader]

middle earth: Markets 6/15/09

This link will take you to a nightly blog by an astute Wyckoff traders with over 20 years' experience

[DbPhoenix]

Given that the last few posts (now moved) have taken a detour toward P&F, I'm moving them to the P&F thread so that the P&F posts are all in one place.

[Flojomojo]

Hey everyone,

as I believe ppl here are interested in obtaining the original course without paying for the full SMI course I want to tell you how to get your sample:

The Librarary of Congress has the 1931 as well as the 1937 typewritten, nonpublished The Richard D. Wyckoff Method of Trading and Investing in Stocks on microfilm and can pull it on paper for you.

Pricing for one of them with shipping to Europe is:
$ 14.00 set-up fee
$100.00 $.25 x 400 pages = $100.00
$ 45.00 shipping
_________________________ _______
$159.00

I am getting my copy via:

Ms. Margaret Kieckhefer
Mail: mkie@loc.gov
Office of Business Enterprises
Library of Congress
+1 (202) 707-2590 (office phone)
+1 (202) 707-1771 (office fax)

Hope this is useful information for some of you.

Best regards,
Flojo

[DbPhoenix]

Thanks for your work. Ms. Kieckhefer may discover a new-found popularity.

Since it's only 400p, I assume the tape-reading course is not included? If not, this is not a tragedy. The Studies_in Tape Reading (or DayTrader's Bible) is fine.

[Flojomojo]

In the future you will be able to get a copy from me...and its even legal! Here's what Mararet wrote:

"The Wyckoff item is in the public domain. If you know of other people
who would like to have it, you or they are free to run it through a
photocopy machine, which will surely be cheaper than getting it from
me."

If someone is interested, drop me a msg....have not thought about the price, but it will be somewhere close to the almost nothing range.

[Ed: the pdf has now been uploaded to the thread here]

[DbPhoenix]

I've added Wyckoff's 18-month analysis of Anaconda to his analysis of the market here. The analysis is in the same vein and provides further insight into his process, though, obviously, this time with a stock rather than with the entire market.

I've also uploaded Sect. 9M, How a Campaign is Conducted. Take great care in making any assumptions while or after reading this section, much less coming to any conclusions. There are no shadowy figures lurking in the mist, waiting patiently to grab your wallet and throw you to the ground. Nor is there "smart" money nor "dumb" money, only traders trying to make a buck. The process described herein does, however, demonstrate just how people who know what they're doing do what they do.