Richard Coppleson On Should I Buy Telstra, page-5

Here is an article from Bell Potter back from early January 2015 just before the start of the long decline. If you had got excited and taken Bell Potter's overly optimistic advice, you would be in a bad way now.

Where was Coppleson "Coppo" back then?? And why is Coppo so pessimistic now at $3.13 after a 54% fall??

Surely a better time to buy is now and not back then at $6.xx. Wrong way around I reckon.

Also included are diagrams and details from Wyckoff as mentioned by sigmadelta poster (source: StockCharts.com).

The recent falling is becoming very sharp. In my opinion, it is really looking like it is designed to cause panic and more selling until a climax is reached. Turns always come after these kinds of sharp falls. Given we are -54% down from the top over 3+ years, we match the conditions near previous bottoms. We are most likely in the climax selling stage where retail holders give up and sell and the professionals come in to buy at the weaker and cheaper prices.

We have seen it again and again with the likes of BHP, WOW, NCM, QAN and TLS in the past. There is real despair near the bottom and then miraculously all the negativity is forgotten and is followed by 1-3 years of turnaround. Talk of dividend cut or total cancelation of dividend, company collapse, government bail out, capital raising, law suit against the company, images of dam collapse and leakage into the sea. after 2 years, all forgotten and the share price back up.

Bell Potter should issue a BUY on TLS now, not a sell.

The Wyckoff method says it clearly about what really goes on, "mislead the public about the future trend direction and to acquire shares at bargain prices". We are right there now.