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Take a Rest?
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…
Don’t Prejudge the Market
Click Here For Wyckoff Wave Chart 11-24-11 Ever since I began writing my Weekly Market Reports, to post on the blog, and my daily Pulse…
A Change In Scenarios
Friday, October 21, 2016 What To Do? Short Term: Because of the gap opening, no strong supply came into the market. Therefore, short-term positions to the upside should continue to be maintained. However, if strong supply comes in on Monday, short-term positions should be closed. There are no short-term positions to the downside. Intermediate &…
No Follow Through To The Upside
Thursday, September 29, 2016 What To Do? Short Term: Short term bulls, who entered the market, should maintain their positions. Today’s reaction provides another opportunity to take new positions to the upside. However, if strong supply comes into the market early in the trading day, all long position should be closed. There are no short-term…
Last Point of Support, or Successful Test
Click Here For Wyckoff Wave Chart 02-09-2016 Short Term: There are no opportunities to the downside Aggressive short-term bulls should continue to identify new opportunities to the upside. Positions can be taken either on a successful Last Point of Support, described below, or a successful test of the support line drawn from point J. The…