Gap Openings – What To They Mean?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 04-24-2015 This past week the Wyckoff Wave basically moved sideways, but closed at a slightly higher level. Despite the modest gain, the week was more negative than positive. On Tuesday at point X-1, the Wyckoff Wave tested the previous high at point X. On Thursday, at point X-2, the Wave tested Tuesday’s high Both times, supply came into the market and the Wyckoff Wave closed near the bottom of …

Those Pesky Gap Openings

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 04-12-13 The stock market, as represented by the Wyckoff Wave, is solidly in the next stage of the bull market that began at the end of 2009. The last few blog posts have covered the  Wave’s intermediate and long-term trends and this past week has brought more of the same. If we look at the intermediate up trend channel (support line drawn from points G – M, supply line …

When Is An Upthrust Not An Upthrust? Plus Those Pesky Gap Openings

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 08-03-12 The last couple of weeks have brought us some significant changes in the character of the stock market, as measured by the Wyckoff Wave. The Wave has rallied strongly and reacted definitively. It has also done so in some unusual ways that don’t exactly fit many of the Wyckoff principles. What does that mean to the Wyckoff trader and how should we be looking at the market? After …

Corrective Reactions and a Discussion about Gap Openings

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 12-16-11 This past week, the stock market, as measured by the Wyckoff Wave, experienced a bit of a change in character. The strong supply that had dominated the moves from points K to L, M to N and O to P has been diminished as we watch the reaction from point Q. The reaction from points K to L lasted three days and saw relatively widespread and increased volume. …

News and the Stock Market

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 11-11-11 This Tuesday, the stock market opened higher, and then reacted. In the afternoon, it rallied strongly and closed near the day’s high. The “expert news analysts” attributed the rally to the news that Italian Prime Minister Silvio Berlusconi would be resigning and that this was positive news for the pending Italian financial crisis. The following morning, the market had a huge gap opening to the down side. It …