The Force Index & The Wyckoff Wave

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 10-09-2015 On Tuesday, after rallying off a trading range low at point U, the Wyckoff Wave appeared to run out of demand and seemed ready to react. That didn’t happen. Instead, the Wyckoff Wave continued its poor quality rally and, as of Friday’s close, had moved through the important resistance line drawn from point E. It is also testing the support line of the old short-term, now intermediate term …

Bullish Signals From The Wyckoff Tools

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 06-26-2015 Last week, the Wyckoff Wave appeared ready to react and, once again, test the #3 spring at point G. Writing in last week’s post, I suggested that the test would be completed by now and, in all probability, it would have been successful. Unfortunately, the stock market moves at its own pace and as of Friday’s close, the Wyckoff Wave was in a precarious position. It was hovering …

A Friday Surprise And Coming Soon – An Upgraded Website With Some Exciting New Features

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 04-10-2015 Last week’s post, entitled “A short-term down trend with some bullish scenarios”, underestimated the bullish scenarios. Last week the Wyckoff Wave reacted to point W, on the daily chart, and began a week rally. While supply was not completely in charge, it appeared dominant and the Wyckoff Wave is expected to continue to react and test the lows at points K and I. Instead, on Monday the Wyckoff …

The Wyckoff Tools Show The Way

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 03-06-2015 Back on February 20th the Wyckoff Wave penetrated the top of the trading range (line drawn from point H on the attached daily chart) at point 1. It then moved sideways for the next nine trading days. It closed at 44, 243 During the next eight trading days, it penetrated the top of the trading range three times. The final time being last Thursday. Thursday’s close was 43, …

The Continuing Rally and the Force Index

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 11-21-2014 This week, the stock market, as measured by the Wyckoff Wave, continued its advance. The relative strength of the market is shown in several different ways: • Since the Shakeout (point E) in mid-October, the Wyckoff Wave has only experienced six down days. • The Optimism – Pessimism Index, which is strictly a measure of volume, is in harmony with the Wyckoff Wave and remains in its long …

Approaching The Bottom Of The Range. Sign of Weakness or a Spring?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 04-11-2014 This was not a great week for the Wyckoff Wave. Even though Wednesday was a good day for the bulls, the Wave lost ground on the other four days. At Friday’s close, the Wyckoff Wave was at the support line of its intermediate term up trend channel and just above the support at the bottom of the trading range. This would suggest that this week, one of three …

Using the Wyckoff Tools to Find Turning Points in The Market

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 04-04-2014 Every stock market trader is always trying to find the exact time and place where the market changes direction. Positions taken at these points lead to the best profits. However, that is easier said than done and sometimes the trader can be completely fooled as the market does not behave as anticipated. The Wyckoff tools consist of the Optimism – Pessimism Index, the Technometer, and the Force Index. …

A Developing Apex

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 03-21-2014 The stock market is a never-ending battle of supply vs, demand. This battle is at its most intense within trading ranges. Whether accumulation or distribution, the eventual winner of this battle will take the Wyckoff Wave on a significant rally or disappointing reaction. Every now and then, this battle is nicely defined on the vertical line chart. The formation is called an apex. An apex is simply a …

Trading Range or Last Point of Support? The Wyckoff Tools May Offer Clues

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 02-21-2014 This week the Wyckoff Wave reached, and slightly penetrated, the resistance at the bottom of the sideways movement that began just before Christmas. It also reached the supply line of its long term up trend channel. This is a normal place to encounter resistance and the Wyckoff Wave did just that. Instead of simply reacting, the Wyckoff Wave moved sideways and closed in the middle of a narrower …

Narrowing Thrusts

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 01-30-2014 This past week brought more bad news to the stock market. Media outlets trumpet newfound concerns about Emerging Markets. This new term first came to light on Friday, January 23rd, when the markets and the Wyckoff Wave put in strong move to the downside. The “bad” news continued and Wyckoff Wave continued to react. The price spread narrowed and volume increased. This suggests that some demand was coming …

The Rally That Just Won’t Quit, Or Will It?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 01-10-2014 In August 2007, the Wyckoff Wave reached a high of just over 40,000. The subsequent bear market chopped 56% of those highs before it ended in March of 2009. The Wyckoff Wave has spent the better part of five years recovering and, last month, finally returned to the 40,000 level. To return to those old highs, the market had to take in a huge amount of overhanging supply …

The Little Market Index That Could

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 03-15-13 Many years ago a delightful children’s story was written about a small railroad engine in a large railroad yard. The engine’s name was Tootle and, despite being small, he made up for everything with his unbounded determination to deliver his cargo. He chugged. He pulled. He overcame all the obstacles in his way. For the past few months, the Wyckoff Wave has been the little market index that …