Hmmmm......
Maybe this will help.
Often when you pan right out and look at all the past history of a stock, the Wyckoff schematic will stand out to some degree
So here is AIZ from 2000 till now.
Not much really stands out (Wyckoff schematic style), perhaps on a giant scale we could be seeing the final mark down into an accumulation zone
so anyway, I then zoomed in a bit, to the box marked, which is roughly from 2011 till now
and some rough Wyckoff principles can then be added.
It starts off OK, with an accumulation, then a mark up, and a re-accumulation zone.
then it gets a bit wobbly, the next mark up is very short (compared to what would normally be expected), perhaps the fundamentals changed somehow and the distribution began much earlier than was first planned (who knows for sure......).
But what ever happened it has all gone a bit weird on this scale....at least for now......and the schematic would probably be calling for a re-distribution at this point in time.......
However, it appears that there is some accumulation again going on now, albeit out of place on this scale (perhaps the fundamentals have changed again...... I don't know.....).
So all we can do it watch or trade what we see........
Perhaps this will be a short lived re-accumulation, and price will just spike higher over a few months (good enough for a trade), but overall it will fail, and then properly breakdown, and in a couple of years will can pan back out to this timeframe again, and it will be obvious that this is still part of the overall distribution or something like that. Or perhaps the next accumulation will occur at this level right now, and the breakout and mark up will begin again from here at roughly two dollars.
does that make sense ??
or am I making it worse......??
cheers
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Hmmmm...... Maybe this will help. Often when you pan right out...
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