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Hello Edge

There is a reasonable description of the nature of the "Trend Letter"

in Wall Street Ventures and Adventures Through Forty Years

With some "campaign examples" .

That old material like that would be interesting to see.

The early issues of "The Ticker" as well....

.........................

The chart must reveal to us what the intention of the Composite Man really is.  Is there support here in order to sell at higher prices or is there a serious  real accumulation ?

Over this phase  there is significant volume now across this pattern

relative

There was the question asked with the move down below the line of support

and the subsequent working higher with some strength  ( Figure chart )

Now it is at an interesting juncture,,,, Can the "boy scout" get back above that "ice"  (vertical line chart)..

Note the B% significant number of stocks are above "points of resistance"

But it is at a significant juncture too ( red line ) Good place for a short ?

Unless we see continued move up with expansion of volume

We should be doubtful at this point in time

The reverse trend line ( brown line ) continues to define the larger trend.

B% is not making panic lows

There is support at this level...

I would wait for the market to confirm or negate

continue or reverse

watch for the volume...

What position would we put the XAO in...

A higher probability of a rally to 5600

Than a move down below 4800.. ?

Then we see some more response, ..

certainly there is no passing of many of the "nine buying tests"

motorway

Only for discussion

http://wyckoffstockmarketinstitute.com/wyckoff_articles/Trends/Trends.htm