Wyckoff in action (part 2) by David Weis
ARTICLE SYNOPSIS ...Wyckoff in action (part 2) by David Weis
In Part 1 of this article (S&C, June 1986), we recognized at point #12 (Figure 1) that large operators
were accumulating bonds prior to an upswing. The conservative point-and-figure count AB (Figure 2)
indicated potential for a move to 63-28. Long positions were recommended for the opening on April 8
with protective sell stops placed beneath the low at #10. The following discussion dissects the
volume/price behavior during the subsequent mark-up and distribution phase that evolved over a 13-day
April 8. June bonds open at 61-11 before moving t...