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Re: Ask Any Wyckoff-Related Question
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Could the possible answer be that Wyckoff was not about intra-day trading?
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Actually, he was. He wrote the Day Trader's Bible, which is posted to the Introduction, as well as including a tape-reading segment to his course. |
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I believe he said:
"A pure tape reading day trader does not care to carry over night. The tape is then silent, and he only knows what to do when it tells him. Something may occur at midnight which may crumple up his diagram of the next day's market. He leaves nothing to chance; hence he prefers a clean sheet when the market gong strikes."
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Those who have knowledge, don't predict. Those who predict, don't have knowledge. - Lao Tzu
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