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Author: HCourtney Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2705  
Subject: Re: S&P Wyckoff Date: 4/12/2002 3:45 PM
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jnk,

LOL. I know. This is really from the Dunnigan/Wyckoff board. I posted here for the helluva it. I'm working on a simple FAQ for that board that at least defines the principles and terms. Briefly, keeping in mind these are simplified generalizations:

PSY/PS - Preliminary Supply/Preliminary Support

A stopping point prior to the SC/BC, may be on strong vol.

SC/BC - Selling Climax/Buying Climax

Self-explanatory. Usually on strong vol on or around the climax event, vol may be cummulative before or after the actual climax bar. However a climax may also occur on dried-up vol.

AR - Automatic reaction after climax. Usually on lower vol, lasting a week or two. The extremes of the SC/BC and the AR establish the range.

ST - Secondary Test

Following AR a reaction/rally back to SC/BC area. Best case scenario is lower vol and no penetration of previous climax. Higher vol or penetration is less decisive.

Spring/UpThrust (UT)

Break of previous support/resistance on low vol, which then immediately re-enters range.

SO - Shakeout

High vol sharp move that may occur w/in or break the range.

BI - Break across the Ice.

Ice is the significant lows of a range. For instance the bottom of the range would always be Ice. Ice may be w/in or outside the range.

JAC - Jump Across the Creek.

Counterpoint to BI. Creek would be significant highs, the top of the range always a Creek.

BUI or BUC - Back up to Ice or Back up to Creek

A rally or reaction to Ice/Creek, should be on low vol. IOW, a pullback.

Hope this helps a bit.

Harold
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