We just wanted to update you on our current thinking on the stock market. We feel this recovery rally off the lows is nearing completion. We would look to protect any short term profits, and would be looking for short sell opportunities if you are so inclined to go short. We will probably implement a short in the SPY ETF, and possibly a couple other individual issues very soon.
Good Trading,
Todd Butterfield
The Wyckoff Wave closed the week down again, on an increase in volume. We was hoping that prices would try to hold early in the…
The Wyckoff Wave closed the week lower, on low volume. We had looked for the rally to continue early in the week. Many of our…
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 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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