As you can see from the attached 5 minute line chart….As the WWU rallied early in the weak the Optimism-Pessimism Index lagged considerably. This gave us a tool to be suspect of the rally, and allowed us to be short for Fridays selling.
We think this decline is in its early stages, but we definitely want to key off this high and press our short positions against 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 closed the week down sharply, on low volume. For the last week and a half, the Wave had met resistance at its…
Click Here For Wyckoff Wave Chart 12-02-11 In his excellent, but little-known, book “Where Do We Go From Year”, Dr. Martin Luther King Jr. described…
The Wyckoff Wave closed slightly lower to continue the recent downtrend, on average volume. We were hoping for a test of the lows last week,…
The Wyckoff Wave closed the week only slightly higher, on low volume. We had expected the Wave to meet resistance at the previous support area,…
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