We came into today with a bearish technometer on stocks, and a bullish technometer on bonds. As Jim O’Brien has been stating on his daily update, we are expecting some type of correction here.
Today’s selloff in stocks should be the start of that pullback.
We are short SPY, AAPL, and long TLT and March Bonds.
#WSMI
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 in correction mode. Volume was at very low levels once again. I was expecting a little more pullback before…
The Wyckoff Wave continued adding on to the gains from the recent lows. Volume was at low levels. I was expecting a rest here, and…
The Wyckoff Wave continued adding on to the gains from the recent lows into mid week. Then we experienced two days of selling to end…
The Wyckoff Wave was down for the week. Volume increased slightly on this week’s selloff. The O-P was down for the week. The Force Index…
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