Heya
just looked at DJIA , and man .. this looks like a nearly textbook example of wyckoffs disrtibution shematics... .. the great depression is yet to come ??? and SM knows that !!!! .. so they distribute.... hmmm ???
well , i do think that the synthetic bubble of the recession is over .. blabla bla
will burst anytime soon .. but thats another story ...
but lets stop with that conspiracy and bad story telling ... and just look at the chart .. with the quote .. from the wyckoff shematics of distribution.. interesting isnt it ??
except for the automatic reaction .. wich happened in may wich was caused .. by a computer /software error ... lol automatic reaction .. coincidence ... or was it ?? .. *smile*
so are we in phase B of wyckoff distribution phase ???
Phase A
In Phase A, demand has been dominant and the first significant evidence of demand becoming exhausted comes at point 1 at Preliminary Supply (PSY) and at point 2 at the Buying Climax (BC). (See the chart above.) It often occurs on wide spread and climatic volume. This is usually followed by an Automatic Reaction (AR) and then a Secondary Test (ST) of the BC, usually on diminished volume. This is essentially the inverse of Phase A in accumulation. As with accumulation, Phase A in distribution may also end without climactic action and the only evidence of exhaustion of demand is
diminishing spread and volume. Where Redistribution is concerned (a TR within a larger continuing downmove), we will see the stopping of a downmove with or without climactic action in Phase A. However, in the remainder of the TR the guiding principles and analysis within Phases B through E will be the same as within a TR of a Distribution market top.
Phase B
The points to be made here about Phase B are the same as those made for Phase B within Accumulation, except clues may begin to surface here of the supply/demand balance moving toward supply instead of demand.
http://tradertony.com/tag/wyckoff-shematics/
cheerze all
just looked at DJIA , and man .. this looks like a nearly textbook example of wyckoffs disrtibution shematics... .. the great depression is yet to come ??? and SM knows that !!!! .. so they distribute.... hmmm ???
well , i do think that the synthetic bubble of the recession is over .. blabla bla
will burst anytime soon .. but thats another story ...
but lets stop with that conspiracy and bad story telling ... and just look at the chart .. with the quote .. from the wyckoff shematics of distribution.. interesting isnt it ??
except for the automatic reaction .. wich happened in may wich was caused .. by a computer /software error ... lol automatic reaction .. coincidence ... or was it ?? .. *smile*
so are we in phase B of wyckoff distribution phase ???
Phase A
In Phase A, demand has been dominant and the first significant evidence of demand becoming exhausted comes at point 1 at Preliminary Supply (PSY) and at point 2 at the Buying Climax (BC). (See the chart above.) It often occurs on wide spread and climatic volume. This is usually followed by an Automatic Reaction (AR) and then a Secondary Test (ST) of the BC, usually on diminished volume. This is essentially the inverse of Phase A in accumulation. As with accumulation, Phase A in distribution may also end without climactic action and the only evidence of exhaustion of demand is
diminishing spread and volume. Where Redistribution is concerned (a TR within a larger continuing downmove), we will see the stopping of a downmove with or without climactic action in Phase A. However, in the remainder of the TR the guiding principles and analysis within Phases B through E will be the same as within a TR of a Distribution market top.
Phase B
The points to be made here about Phase B are the same as those made for Phase B within Accumulation, except clues may begin to surface here of the supply/demand balance moving toward supply instead of demand.
http://tradertony.com/tag/wyckoff-shematics/
cheerze all