[Texasmgax]

Hey Folks,

Brand new here and (and pretty new to Wyckoff) had a question about fundamentals. I've been a CANSLIM investor for years, which as Im sure you know takes into account a decent amount of fundamentals.

Here, I don't see too much discussion around them. 

Does Wyckoff technique ignore them for the most part and focus solely on TA?

Thank YOu

Both Stan Weinstein's Stage Analysis and Wyckoff methods are 100% technical as they focus on price, volume, relative strength, lack of resistance, group strength and market breadth etc. So fundamentals aren't considered in the methods. But it doesn't mean that you can't or shouldn't, as CAN SLIM techniques are a perfectly valid to use alongside both methods as they all focus on similar entry zones and will find the same stocks regardless. So if you are more long term oriented for position trading over multiple quarters or investing for longer periods then strong sales and eps growth for example are always a good thing to consider along with the technical characteristics that we look for as can help filter down to find the best quality stocks. i.e. if you narrowed down your selection to a few stocks in the same group, then obviously the future sales and growth prospects could then help you make the final decision as to which stock to buy if the technical picture is similar.

Thank you. Im actually looking to add some "shorter-term" technical plays to my investing. I was doing some comparisons between your watchlist, and stocks I'd find on MarketSmith searching for CANSLIM plays and there was certainly some overlap.

Looking forward to digging into Wyckoff more.

Thank you.