Wyckoff trading method, page-2282

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    Hi Jako, HoldFast,

    Not as scientific as HoldFast but here's my version:

    The price movement does not appear to be too parabolic and the Target I have is around the 19.50 to 20-. This is based on a retracement from the High to the Low. But I think it will exceed this prior to a good pullback.

    This appears to be Wave 1 of this movement. It is likely that it will reach this with the Xmas rally. At the end of this wave there could be a good pullback. This pullback could come as a result of the next Report, due in Feb. Not suggesting there is anything wrong but Reports seem to have that effect when a stock is due for a good pullback.

    As you've been invested since the 7.50 or thereabouts and are sitting on good profits, you need to consolidate them. So perhaps consider getting out at around $20- and wait for a good pullback, perhaps to the $14- zone. Then it would be a good area to go back in. I'm sure you can spot the signals far better than I.

    Fundamentally the stock appears to be in great shape.

    Cheers Jako,

    soccer
 
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