The Intra-day Trading Range That Never Ends

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Click Here For Wyckoff Wave Chart 08-09-2013 On July 11th the Wyckoff Wave rallied to point T on the daily vertical line chart. It paused for three days and then rallied to point U. In those three days, the Wyckoff Wave established an intra-day trend. At the time that trend appeared on the intra-day line chart. After moving sideways for those three days, the Wyckoff Wave attempted to leave this intra-day trading range to the …

Picking A Winning Stock

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Click Here For Wyckoff Wave Chart 08-02-2013 This week, the Wyckoff Wave reacted and began to rally off the support lines of both the short and intermediate term up trend channels. Presently, the short, intermediate and long-term trends of the market are all up. For most of 2012 the Wyckoff Wave moved sideways in a trading range. The range began in April, 2012 and ended in December, 2012. The trading range is broken up into …

Small Insignificant Waves Can Become Typhoons. Did We See One This Week?

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Click Here For Wyckoff Wave Chart 07-19-2013 Wyckoff teaches us that like the ocean, small seemingly insignificant waves or events can grow into large waves that indicate a strong move in a particular direction. These waves have a pecking order of importance consistent with trends. While it may indicate the beginning of an important move, a wave or event identified on an intra-day chart is not important as a wave or event related to a …

A Good Week for the Wyckoff Wave. What About the S&P 500?

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Click Here For Wyckoff Wave Chart 07-12-2013 The Wyckoff Wave put in a relatively good week. It returned to its intermediate-term up trend channel and created a new short-term uptrend channel. The short, intermediate and long-term trends are all up. On Thursday, the Wyckoff Wave reached the supply line of the new up trend channel, encountered resistance and began to react. Conditions suggest that support will be found in one or more of the following …

Did We See A Successful Test and a Look at Care Fusion (CFN)

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 Click Here For Wyckoff Wave Chart 07-05-2013 In an abbreviated trading week, the stock market, as measured by the Wyckoff Wave, may have put in a last point of support. Wednesday was an abbreviated trading day and the Wyckoff Wave traded slightly lower. The significance was reduced price spread and relatively reduced volume. This suggested a lack of supply. On Friday, the Wyckoff Wave rallied on increased price spread and relatively reduced volume. If Wednesday …

Trends and Trading

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Click Here For Wyckoff Wave Chart 06-28-2013 Wyckoff students usually follow four different trends. They are intra-day, short term, intermediate-term and long-term trends of the market, or an individual stock. These trends are identified on the vertical line chart as channels. In an up trend, the channel is formed by drawing a support line between two successive reaction lows. A parallel supply line is drawn from the high between those two points.. Conversely, in a …

Does A Short Term Reaction Mean A New Rally Is Coming?

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Click Here For Wyckoff Wave Chart 06-07-2013 Last week the Wyckoff Wave reacted down to the support/resistance line drawn from point H. This was a top of a minor sideways movement that took place just before the Wave rallied to the 37,000 level at point J. Thursday brought an intra-day failure to the downside and a two day rally began ending the week with a strong close on Friday. The Technometer had moved into a …

Changes In Character. What Can They Mean?

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Click Here For Wyckoff Wave Chart 05-31-2013 Since last November the Wyckoff Wave has been in an intermediate up trend channel. The channel’s character has been quite distinctive and extremely strong. It is much like a set of stairs. There is a rally from one stair to the next, but there is no reaction. Instead, the Wyckoff Wave has moved sideways until the rally to the next set of stairs. Although the price spread has …

Does A Minor Downturn Lie Ahead?

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Click Here For Wyckoff Wave Chart 05-24-2013 This past week the Wyckoff Wave gained a total of 207 points or one half of 1% of its value. This would seem to make the last five trading days rather unimportant, but we may have seen a bit of a change in character. Let’s start with the Wave’s weekly chart. Five weeks ago, the Wyckoff Wave began to rally from point J. An analysis of the weekly …

The Raging Bull

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Click Here For Wyckoff Wave Chart 05-17-2013 This past week, the Wyckoff Wave continued its strong rally on increased price spread, and slightly reduced, but relatively strong volume. It also is in an overbought position relative to both its short and intermediate term up trend channels. Since the middle of November, 2012, when the Wyckoff Wave was at point D, it has rallied by 5826 points or 20%. It has accomplished that without one significant …

Rotation Is Helping the Market

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Click Here For Wyckoff Wave Chart 05-10 Since last November, the Wyckoff Wave has been in an intermediate up trend channel. The advance has been somewhat unique, in that there have been no significant reactions. The Wyckoff Wave would advance to the uptrend channel’s supply line. Then it would move sideways towards the supply line on narrow price spread and moderate volume. This process has been completed three times and we appear to be in …

Creek Jump or Upthrust?

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Click Here For Wyckoff Wave Chart 05-03 For the first three days of the trading week it appeared that the Wyckoff Wave was coming to the end of a minor trading range and getting ready to react. Relative volume was decreasing. The effort of the Optimism – Pessimism Index was exceeding the results shown by the Wyckoff Wave. This created a short-term negative divergence. The Technometer was in an overbought condition and the Force Index …