The Wyckoff Wave was up for the week. Volume was average. The O-P was also up slightly for the week. The Force Index was down slightly for the week. The Technometer is neutral. The OP moved in lockstep with Wyckoff Wave except for major sell bar at Friday’s close. The Wyckoff Wave did not move lower to test the lows at 47,000 this week as expected. Instead it continued its rally off the …
The Wyckoff Wave Testing Support At The Bottom Of The Range
The Wyckoff Wave was down slightly for the week as expected. Volume was slightly lower. The O-P was also up slightly for the week. The Force Index was up nicely for the week. The Technometer is now back to neutral after last weeks overbought reading. The OP as slightly stronger than the Wyckoff Wave last week. The Wyckoff Wave corrected slightly last week to begin the test of the support at 47,000. With …
The Wyckoff Wave Found Support At The Bottom Of The Range As Expected
The Wyckoff Wave was up sharply for the week after a gap down opening on Monday. Volume was average. The O-P was also up sharply for the week. The Force Index was flat for the week. The Technometer is now back to overbought after last weeks oversold reading. The Wave and OP moved in unison last week. The Wyckoff Wave tested the support at 47,000 we have been anticipating and rallied nicely off …
We are raising stops on our long GDX and GDXJ positions.
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The Wyckoff Wave Nearing The Bottom Of The Range As Expected
The Wyckoff Wave was down for the week on average volume. The O-P was also down for the week. The Force Index was down slightly for the week. The Technometer was registered an oversold reading on Friday. The Wave and OP both hit new lows at the end of the week, so somewhat moving in lockstep. The Wyckoff Wave has finally made its way to near the bottom of its trading range that …
The Wyckoff Wave In The Middle Of The Trading Range
The Wyckoff Wave was down slightly for the week on average volume. The O-P was up slightly for the week. The Force Index was up as well for the week. The Technometer was close to an overbought reading late in the week. The Wave and OP did not trade in lockstep last week. The OP rallied into Thursdays high and gave us the near overbought reading on the Technometer. This is slightly bearish for …
The Wyckoff Wave In The Middle Of The Trading Range
The Wyckoff Wave was down slightly for the week on average volume. The O-P was flat for the week. The Force Index was down slightly for the week. The Technometer is at a neutral reading. The Wave and OP did not trade in lockstep last week. The Wave was stronger on the rally while the OP lagged. The Wyckoff Wave finallly had the pullback we have been calling for off of the top …
The Wyckoff Wave Had Nice Correction As Called
The Wyckoff Wave had a nice pullback for the week on average volume. The O-P was down slightly for the week. The Force Index was up slightlyl for the week. The Technometer came off of an oversold condition on Thursday, and still at a reading of 41. The Wave and OP had a slight buy divergence on Friday as the Wave went to a new low while the OP did not. This is not …
We want to buy GDXJ and/or GDX at the market…..
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The Wyckoff Wave Sideways Once Again
The Wyckoff Wave closed up slightly for the week on average volume. The O-P was also higher for the week. The Force Index was also higher for the week. The Technometer is registering a near overbought condition. The Wave and OP had a slight sell divergence on Friday as the OP went to a new high for the move, while the Wave tested its high. This is what helped us register the almost overbought …
The Wyckoff Wave At The Top Of The Trading Range
The Wyckoff Wave closed down ever so slightly for the week on average volume. The O-P was also lower for the week. The Force Index was unchanged for the week. The Technometer is registering a near oversold condition. The Wave and OP had a buy divergence on Thursday as the OP went to a new low for the move, while the Wave tested its low. This is what helped us register the oversold Technometer …
The Wyckoff Wave Trading At Resistance
The Wyckoff Wave closed down slightly for the week on average volume. The O-P was also unchanged for the week. The Force Index was unchanged as well for the week. The Technometer is registering a neutral condition, after being near oversold early in the week. The Wave and OP are trading in lockstep. The Wyckoff Wave continues to trade at the top of the recent resistance level. We still expected more sideways type …