Wyckoff trading method, page-2050

  1. 1,270 Posts.
    Thanks @Jako64

    I understand your explanation, and you have alluded to it in this thread before (I think the last time was in regard to RXP). It makes "logical" sense if supply is tight (not forthcoming) to engineer a shakeout and then accumulate on the way up if supply is not forthcoming - the more expensive buys can always be put back up for sale (at breakeven, or a slight loss even) to add to the selling pressure to get prices back down.

    I think I've noticed a similar process in NTI - there seems to be a concerted effort to pry supply loose, bids seem to be in multiples of 35K and offers in multiples of 25K (when they are placed) it almost seems to be like someone trying to loosen a rusty thread, tighten, loosen, repeat until you get free movement.

    Anyway enough of my rambling, I'd never heard the term "reverse accumulation" and wanted to make sure I was on the right track.

    As always, thanks for the indulgence and explanation.

    Cheers

    NTI Daily (Marked Up).jpg
 
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