Wyckoff trading method, page-1595

  1. 1,270 Posts.
    Starting early Jan - moves up on little volume due to supply vaccuum created by previous action, 20 Jan wide spread on largest volume to date closing in the middle as supply encountered. 27 Jan another wide spread bar (slightly smaller spread than previous) on slightly lower volume again closing in the mid as supply encountered. 3 Feb High volume test closing low (unsuccessful). 10 feb 2nd unsuccessful test lower volume than previous bar but closing on the low. 17 Feb awkward spring closing low on low volume. 24 Feb virtually identical in vloume & spread to 27th Jan but this time closing on high still encountering supply as although the close was higher the spread wasn't wider. 3 Mar smilar volume narrower spread closing on the low - distribution ?. 10 Mar almost double the spread on slightly lower volume - ease of movement in the wrong direction. 17 Mar again similar to 17 Feb in spread & volume closing low. 24 Mar Largest volume to date double that of 20 Jan for only 1 point more in the spread, but closing at the top of the bar - still encountering serious supply.
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