Unexpected Behavior Brings Out Relative Strength

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 09-26-2014 In a perfect world, the Wyckoff student would like to see a relatively stable trading range encased in horizontal trend lines reflecting support and resistance. In periods of accumulation or re-accumulation, this should be followed by ending action, usually in the form of a spring. The spring is followed by a Sign of Strength and a Last Point of Support. If the Sign of Strength is within the …

Up or Down? A Detailed Look at the Market

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 10-25-2013 This week the Wyckoff Wave penetrated the old resistance line drawn from point J. It then quickly ran into resistance at the top of the trading range (line drawn from point U through point A). This week’s market action was not particularly impressive and came in a time when the Wyckoff Wave needed to “go and go now” if it was going to move into new high ground. …

Picking A Winning Stock

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 08-02-2013 This week, the Wyckoff Wave reacted and began to rally off the support lines of both the short and intermediate term up trend channels. Presently, the short, intermediate and long-term trends of the market are all up. For most of 2012 the Wyckoff Wave moved sideways in a trading range. The range began in April, 2012 and ended in December, 2012. The trading range is broken up into …

A Good Week for the Wyckoff Wave. What About the S&P 500?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 07-12-2013 The Wyckoff Wave put in a relatively good week. It returned to its intermediate-term up trend channel and created a new short-term uptrend channel. The short, intermediate and long-term trends are all up. On Thursday, the Wyckoff Wave reached the supply line of the new up trend channel, encountered resistance and began to react. Conditions suggest that support will be found in one or more of the following …

The Wyckoff Wave: Relative Strength and the Optimism – Pessimism Index

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 11-18-11 One of the most important Wyckoff techniques is breaking down an index’s or stock’s daily action into individual up waves and down waves. This allows us to determine how much of the day’s volume is demand and how much is supply. This information is then transferred to the Optimism – Pessimism Index (O – P). The O – P is a continuing number. Each time there is an …