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78.0¢ avz minerals limited

excellent chart FlashPoint tempted down here

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BraveNewWorld

1,238 Posts.

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24/10/20

19:54

Post #: 48360244
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Originally posted by FlashPoint: ↑

"Wyckoff never had to compose a novel nor cover the page in multiple lines - fairly simple really."Then again Robert Evans took the helm of Wyckoff Associates (which became the Stock Market Institute) in the early 1950’s. He was a master Wyckoffian and a great teacher. He used memorable analogies and story telling to convey important concepts. The colorful 'creek story' conveys the nature of overhanging supply in the trading range.

The following might ring a bell with LT AVZ holders, looking back at recent events, they can possibly relate to it and may even find it helpful as an explanation:
Supply is like a meandering Creek that flows and exerts pressure on prices throughout an Accumulation. Sellers of stock are willing to put Supply out at lower and lower prices. This can give the chart a particularly bearish look. Ironically as the C.O. (Composite Operator) is accumulating shares, the majority of the public is becoming ever more pessimistic toward the stock. The Jump (JAC-Jump Across the Creek) and the Backup (BUEC-Backup to the Edge of the Creek) are ‘bell ringing’ events on the chart. They indicate the readiness of the stock to start moving upward through the Resistance Line and onward, through the SOS - Sign of Strength into the next phase, which hopefully will bring the Mark-up, which SH were waiting and hoping for!
Here again is the chart that goes along with the above novel ...

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excellent chart FlashPoint

tempted down here

AVZ Price at posting: 8.6¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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excellent chart FlashPoint tempted down here

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