Traders Laboratory - View Single Post - Smart Money Buying? 100,000 Shares...
View Single Post
  #13 (permalink)  
Old 02-11-2008, 10:46 PM
mister ed's Avatar
mister ed mister ed is offline
mister ed is in your cupboard eating your oats.

 
Join Date: Apr 2007
Posts: 507
Thanks: 141
Thanked 130 Times in 74 Posts
Re: Smart Money Buying? 100,000 Shares...

Quote:
View Post
This spike down could well be what Wyckoff analysts will refer to as Preliminary Support.

Chart 2, a 1 point by 1 box reversal shows me some signs of accumulation beginning - after the preliminary supply and 3 point
I have just had it pointed out to me that there is a typo in there (highlighted in yellow)

That yellow highlighted word should be SUPPORT.....NOT supply

Thank-you

Reply With Quote
The Following User Says Thank You to mister ed For This Useful Post:
angelaktariel (02-11-2008)