We wanted to show that there is good buying on this rally and the Technometer is still in the neutral range, so we feel we could rally to the first upside objective off the figure count.
You can see that the first figure count objective is $73-76
The Wyckoff Wave is having a hard time putting together a rally here, so our other long positions are mostly treading water at this time.
Todd
Click Here For Wyckoff Wave Chart 06-27-11 Our last post ended with the Wyckoff Wave at point Y. The Wave was in an overbought position…
The Wyckoff Wave closed the week down again, on an increase in volume. We was hoping that prices would try to hold early in the…
The Wyckoff Wave closed the week down sharply, on low volume. For the last week and a half, the Wave had met resistance at its…
The Wyckoff Wave spent last week continuing to subdivide lower. Volume increased on the selloff. I was wanting a slightly more oversold Technometer before entering…
The Wyckoff Wave closed the week sharply higher, on much lower volume. The Technometer is extreme overbought. We closed strongly higher Wednesday/Thursday/Friday to end the…
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