Monday, 16 May 2011

With reference to my earlier two posts on Wyckoff's method of technical analysis on BAC, i realised that on hindsight, the level indicated on the chart below could not be the "last point of support" as the stock price was supposed to bounce off the level instead of hugging it. I have indicated the correct LPS on the chart as well for comparison..



Reference to earlier posts:

Wyckoff Method of Technical Anaylsis - BAC


Wyckoff Method of Technical Anaylsis - BAC (part 2)


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