Wyckoff Wave Met Resistance As Expected.
The Wyckoff Wave closed the week down sharply, on low volume. For the last week and a half, the Wave had met resistance at its…
Tag: Overbought Technometer
Wyckoff Wave Bumping Its Head On The Ice
The Wyckoff Wave closed the week only slightly higher, on low volume. We had expected the Wave to meet resistance at the previous support area,…
Pulse Of The Market, February 5, 2019
https://youtu.be/6Xn-Fvb6Ql8
Caterpillar (CAT, $122.29) Cover short at the market, or lower buy stop.
Caterpillar is now trading some $17 lower from our initial short price. It is now oversold on the Technometer, and the Wyckoff Wave is also…
Caterpillar (CAT, $139.98) We want to short at the market, with a buy stop at $144.97.
Sell short CAT at the market, current price $139.98. We want to use a buy stop at $144.97. Technometer is in an extreme overbought condition,…