Wyckoff trading method, page-221

Hey Jako

That SEA chart resembles the earlier stages of MRM perhaps?? when it broke down hard then fell some more on lighter volume over the next month before it starting to get going.Perhaps with SEA the market is not quite sure where it will rest, however that certainly was a massive absortion that occurred in your chart.Patience needed whilst it finds its feet imo.

MRM has recently tried to get over that resistance zone in the late 20's to 30c mark. Looks to me like the Buyers today gave it a good shot to take on those ugly Bear Sellers. If similar volumes like today continue then another push into the late 20's/30c looks possible.


Cheers
GF