We want to buy VNQ (Real Estate ETF) at the market, current price $80.00
VNQ Technometer is oversold and we have a divergence with the Price/Force Index as well.
We think interest rates will work lower in weeks ahead and provide support for VNQ.
The Wyckoff Wave finished the week lower as expected, on slightly higher volume. We had a neutral Technometer last week so we was wanting lower…
We have been short VNQ from lower prices, but we have stayed short as we felt like the rally was suspect. The sector has shown…
The Wyckoff Wave finished the week slightly lower, on an increase in volume. Last week we thought the Wave could meet some support, and it…
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 spent last week working higher, then succumbed to major selling to end the week. Volume increased some on the selloff. I was…
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