Reaction Off The Highs

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave spent the first two days of last week trading in a narrow range, until Wednesday’s strong rally to point J.  Then it proceeded to give up some of the gains at the end of the week.  Volume was slightly higher on Wednesday’s rally, but still not coming in strongly. The Technometer was extremely overbought going into Wednesday’s rally and possibly helped stop the rally from materializing into much more than a one …