Wyckoff trading method, page-2013

Hi Beany,

I'm sure Jako will address your question when he's got a chance but I'd like to clarify what I meant by Support Zones i.e. areas where the Price might be expected to find support.

Mind you, Jako did write recently, in another thread, that the most recent support level is the one that Price needs to respect, otherwise it is likely to go through it.

Perhaps if you looks at the charts I'm posting you'll see what I meant. In RXP's case, I think there is a fairly strong support at around 70 cents and even stronger at 63 cents.

Please share your views on this Jako, if I got it wrong. Thanks