Wyckoff trading method, page-1567

Yeah, I'm not sure either @Beany72

Perhaps @Anton Chigurh  would be kind enough to have a look and perhaps offer an opinion, if he has any spare time.

In a nutshell - on behalf of Beany, we have followed the fortunes of this stock RXP for sometime now on this thread, and it has seen some (serious ??) selling action in the shareprice since late last year, causing it to roll over.  But has recently seen a pretty big deep shakeout, which may infer the beginning of a possible re-accumulation period.  Right at this point in time the stock probably has multiple levels of fairly strong potential resistance above, but if a re-accumulation zone was to occur now, an effort to remove some of that potential resistance could take place, making the upside more appealing, and accessible.

Anyway, I asked if @Beany72 knew whether the sellers have possibly finished, but Beany was not sure, and said there have been multiple substantial shareholder notices that were not very clear, and could not properly understand.  They are between Bank of America Merryl Lynch, and Regal funds management concerning a borrowing agreement......but there have been almost no short sales at all.

any thoughts would be appreciated

cheers