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DGC
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Hi There. I’ve been reading about the stock market and Richard Wyckoff for some time now and it all makes absolute sense. However, as with anything, there’s always questions you have in your mind which you just can’t, either, find the answer to, or can’t see the the obvious. Like this one for example: - In the normal market cycle, accumulation, mark-up, distribution, mark-down, etc; how exactly does mark-up/mark-down occur? If we take mark-up for example, when all the floating stock has been removed from the hands of “weak holders” in a phase of accumulation, what causes the stock to rise, if the people who want the stock to rise considerably have all the stock? Won’t it just go sideways at the trading range price for ever? Do you understand my confusion; where does the demand come from - whose buying? I mean, if they (strong holders) keep raising their offer price from the breakout of the accumulation trading range, they have to keep selling back to someone (presumably weak holders again) to be able to keep the price slowly rising, and if that’s the case, surely by the time they reach a reasonable level for distribution all their stock has gone anyway. If anyone could clear up this question, another piece of the puzzle would slot into place. Many thanks in advance. DGC.
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Hi Everyone, I'm thinking of purchasing the Wyckoff Course online from the 'Wyckoff Stock Market Institute' and I was wondering if anyone had also purchased it and what they thought of it. Is it roughly the correspondence course version of the one taught by Hank Pruden in the Golden Gate University, San Francisco? Is it all written notes or are there some videos as well, and does it also cover how to create the point and figure charts needed for some of the analysis, and how easy is this aspect to grasp? Any thoughts gratefully received. Thanks, DGC.
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Thanks Sevensa. I'll have a look at what you suggest.
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Hi there. I just thought I'd introduce myself and pose a question at the same time. I've been investing (buy and hope) for a number of years and had some success with various mutual funds; BRIC funds doing the best mainly, however I am out of all of them at the moment, with most of my money in cash. I got interested in trading, especially spread betting about 2+ years ago and really caught the bug. I tried my hand at first using technical analysis (pattern recognition; head and shoulders, dead cat bounce and all the rest of them), but mainly lost money so I stepped back for a while to do some education. Upon reading numerous books and websites, I eventually came across VSA, Tom Williams and on to Richard Wyckoff. After looking into this form of analysis, I decided this really was something I needed to learn more in depth. I feel this is the only way to predict the future movement of the markets. (The fact that the exchanges are so guarded about volume data proves this beyond any doubt). Anyway, on to my question: I'm thinking of purchasing the Wyckoff Course online from the 'Wyckoff Stock Market Institute' and I was wondering if anyone had also purchased it and what they thought of it. Is it roughly the correspondence course version of the one taught by Hank Pruden in the Golden Gate University, San Francisco? Is it all written notes or are there some videos as well, and does it also cover how to create the point and figure charts needed for some of the analysis, and how easy is this aspect to grasp? Hope all this makes sense and any help gratefully received. DGC.