Starting a New Phase?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 08-26-11 The stock market, as represented by the Wyckoff Wave, appears to be entering a new phase. This week’s market action has appeared to confirm a Selling Climax and weakened the latest short term down trend channel. While those who definitively prejudge the future action and trend of the stock market are often disappointed, if Wyckoff students use their knowledge and the Wyckoff Tools, they often have a leg …

Fall thru the Ice?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 08-19-11 When my last post appeared, the Wyckoff Wave had reached a high at point G and was in an oversold position relative to the long-term up trend channel. It was also in an oversold condition relative to the Technometer. The Wave reacted to point H and then rallied weakly to point I. In addition, the O– P Index moved into new high ground creating a negative divergence. We …

Does News Matter?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 08-19-11 The stock market, as represented by the Wyckoff Wave, experienced one of its most volatile two weeks since the last bear market. While Wyckoff traders are taught to basically ignore news, the fear investors saw in the United States debt ceiling crisis and European banking issues certainly changed the speed in volatility of the United States stock markets. As Mr. Robert Evans often said; “News does not change …

Take a Rest?

Jim OBrien Week In Review 0 Comments

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 relative to the long-term uptrend. It was also overbought on the Technometer. However, things weren’t all that bleak. The Optimism – Pessimism index was leading the Wave. The Force index was in harmony. There was a reduction in spread and volume as the Wyckoff Wave rallied to point Y. A …

Wyckoff Wave Markup

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 06-08-11 Let’s pick up our study of the Wyckoff Wave at point M. Click here to view and download the related chart – Wyckoff Wave-markeup phase. Here we have a wonderful Last Point of Support. Even better, it lasted about five days, giving the Wyckoff student plenty of time to find and take positions in stocks that were ready to move. And move they did. For a little over …

Lets Get Going!!

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave 09-08-10 This is the first of many future posts about the Wyckoff Wave. These will include some history of past performance and analysis of its past action and future direction. Each post will contain a chart for the Pulse of the Market Charting Service. To open the chart, click this link. wave-1 It might be easier to print the chart ( 11″ x 8 1/2″ landscape) and refer to it …