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PJK2
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Posts posted by PJK2
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Within the last couple of weeks, I've missed pops on stocks I was waiting for creek entries on. Most notably was today (GMCR). I was waiting for a break of that .84 level on my chart, but low and behold it popped much earlier than that on what appears to be a symmetrical triangle.Again, this has routinely happened to me while patiently waiting. Then I just stay away from the trade all together because the stock is already up too much on the day and I don't want to chase .... especially in a situation like GMCR's where there's an immediate "demand test" in the creek area.
E: How are you defining or identifying "the creek area" in your planning/analysis?
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Steve46 - how/where can I access your blog?
pjk2
Sandbox
in The Wyckoff Forum
Posted
Thanks E - I've seen the term a few times but never understood what it referred to...