During most recent reaccumulation range, distribution appeared to be greater than accumulation which signifies to me a false breakout to the upside which should result in failure and a price reaction downward?
Specialists (DMM) absorb public selling during the noted accumulation phase and now on the dip. March toward target price of $405. How long it will take none of us mortals know?
The rally may be ending using Wyckoffian logic ?
THIS LATEST DIP IS NO WAY NEAR THE CORRECTION THAT IS TRULLY NEEDED. DDM'S HAVE ABSORPED LATEST PUBLIC SELLING BUT NOT MUCH ROOM ON THE UPSIDE? ON THE POSITIVE, THERE ARE MANY BLUE CHIP STOCKS THAT ARE UNDERVALUED BASED ON DIVIDEND YIELD THEORY. UNFORTUNATELY, THESE STOCKS ARE LANGUISHING BECAUSE OF PUBLIC FEAR AND THE EXTREME LEVELS OF THE DJIA WHICH HAS BUT A...
Maybe confirmed if price does not drop below the dotted line and price continues up in a A,B,C,D pattern (measured move up).
Where price goes no one knows except the market makers ?
HEADLING TOWARD OVERVALUE PRICE OF $320 PER DIVIDEND YIELD THEORY?
If CAH earnings and revenue look good on 2/6, then look for the market makers to begin the markup of the stock ?
Applying Andrew's Pitchfork signals possible distribution rather than re-accumulation?
As price moves along the downward sloping upper parrell line, the better the chance of a breakout above.
OKAY, I KNOW IT'S NOT SEXY LIKE CRYPTO OR FOREX BUT IT WORKS.
Price trading along upper trendline of downward sloping pitchfork may indicate breakout to the upside?
New preliminart suppy pivot, and new high pivot. Look for break above triggger line toward our target price of $27,628 or higher. Pitchfork in action!
Leg up appears to be secondary distribution in preparation of final markdown until selling climax?
3- secondary distributions counted now heading for selling climax? - $4.14 cents?
Price movement after possible selling climax looks weak. Maybe further mark-down or market makers looking to accumulate remaining supply before mark-up?