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Old 05-02-2008, 03:54 PM
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Re: Riding the Wyckoff Wave

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Thanks, I don't see this type of action very often, but I try to see if one can identify action which may repeat. ( and find trades there ) I know how good you observe Point taken.
erie
Actually it's common on trend days. Price will drop till lunch time, then waffle around, then continue on in the afternoon. The last swing point provides the boundary of the waffling. Therefore one should not be too concerned about the trendline break.

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