Wyckoff trading method, page-592

NWZ.........a $20 mil m/cap company

If u listen very carefully to the David Weis video on Wycoff you will hear him talk about accumulation at the end of a downtrend by large Pension Funds/Hedge Funds and Instituions. The reason he states is that in this period ample supply is available for them to soak it all up. They could not get their fill otherwise. The other thing he mentions is the subsequent accumulation phase, whereby they slowly accumulate as the stock stays in a narrow range bound price level for some time.

This suggests that the Wyckoff method was designed/developed for large US stocks that occupy the DOW or S&P index. The method would probably suit our ASX top 50 stocks as well. Have another listen carefully.

I don't use Wycoff myself but I have studied it ( I would be silly not to have)...........but from my understanding it is designed for large cap, big liquidity stocks. NWZ forget it.

As u learn, and it takes years....there are different trading methods for different stocks in different markets. One size does not fit all.

NWZ just would not have the large organised, fully researched, conservative funds involved, so the Wycoff method just will not work. A derivative of the method maybe........but with reduced reliability I suggest.