I have had a few PM's asking about the Wyckoff Method
I have not had time to give them a proper ( useful response )
So I thought I would just start this thread to at least post a few resources ...
On this page is a link to the first 5 pages of unit 1 ( Yes the introduction is still available, It is unit 1 .. Though it is really much more than an introduction )
here is the link itself
Here is the website of Wyckoff-SMI
It is one of the pages with some info on the 5 steps ( 3 so far )
This website is only recently new
I don't know if SMI have ever had a web site before now.
It also seems to be still being step up.
Wyckoff's first writings on his method started approx 1907.
Significant and influential... Was studies in tape reading ( 1908 & 1910 )
His work culminated in "Stock Market Science" and the setting up of the SMI in 1931.
Which has continued to operate and enhance the material.
A start for those interested
This is a power point presentation... It is related to this topic
( it is about cobweb oscillations )
Price , volume time & position are used by Wyckoff
To measure the shifting and rotation
of Demand and Supply curves.
To identify "Cause"
Behaviour and Change of Behavior
each move has a
--Certain price range
--A quantity of volume traded
--Take a certain amount of time ( this is duration )
--Have a start and end . This is the context of position.
Principles of Demand and Supply