The Wyckoff Wave Below Trading Range Support

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued lower for the week.  Volume has increased on the selloff. The O-P was lower for the week as well. The Force Index was higher for the week. The Technometer is trading slightly above oversold, after registering oversold at Wednesdays close.   We had expected a rally this week, but we began the week selling off then stabilized late in the week.  The OP is moving much more in lockstep with the …

Where is the Market Headed? A Look at 4 Scenarios

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 12-14-12 The stock market, as measured by the Wyckoff Wave, finished the week exactly where it opened last Monday. Despite that apparent inactivity, there were some important changes in the market, along with some interesting signals. On Wednesday, at point J, the Wyckoff Wave apparently reached the end of its rally from point G. While the rally was not of the highest quality, it nicely exceeded the halfway point …

Have We Seen An Important Last Point Of Supply?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 11-02-12 On Friday the stock market, as measured by the Wyckoff Wave, put in a strong day to the downside. This was the kind of day that certainly gets one’s attention. The down day came at an excellent time for the bears, as the Wyckoff Wave rallied to the bottom of an old support (now resistance) line and reacted sharply. It is certainly reasonable to call the reaction from …

Are We Seeing a Last Point of Supply (LPSY)?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 05-25-12 Last week’s Market Letter spent time reviewing the Wyckoff Wave from a longer-term perspective. In doing that, it made a case that the stock market could well be more bullish than bearish. In addition, I felt we would not be seeing a significant reaction in the near future. How did last week’s market action measure up to last week’s Market Letter? On Friday, May 18th, the Wyckoff Wave …