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Old 05-07-2008, 01:46 PM
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Re: Riding the Wyckoff Wave

Am I, on the right path to reading price and volume. Saw a hard push down, at 11:26 leading to a bit of a light demand push up. Then, we see buyers putting in effort getting decent results to take price back up to the median level. As soon as price finds this area, I see no effort and no results to get back above it, which would show potential for more demand. Sure enough price falls off a cliff making new lows. Just how I read that in real time, no trade was taken, since I'm concentrating on listening to the market not trading it currently.
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