Trading Ranges & Short Term Trading

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 05-08-2015 Once again, for the third time, the Wyckoff Wave appeared ready to react through the sideways movement’s support and test earlier lows. On Monday the Wave rallied on a lack of demand and ran into resistance at point B. This was followed two days of relatively widespread and good volume. The Wyckoff Wave reacted to point C and appeared ready to test the low at point W and …

A Tale of Two Markets

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 09-19-2014 In Richard D. Wyckoff’s day most investors took intermediate and long-term positions. Short term trading was measured more in weeks than days and weeks, as we do today. Day trading was practically nonexistent. Because of that, Mr. Wyckoff’s strategies and techniques were used in more intermediate and long-term situations. While they are absolutely effective in short term and intra-day trading situations, most Wyckoff students, including myself, have made …

Short Term Scenarios & A Longer Term View Of The Market

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 05-02-2014 This week, the Wyckoff Wave tested both the halfway point of the previous rally and revisited the top of the trading range. Because the initial test was on relatively wide strength and good volume, it needs to be retested. The Wyckoff Wave appears to be doing just that. Thursday’s and Friday’s reduced volume and Friday’s reduced price spread sent some initial indications that the test may be successful. …

When in Doubt, Get Out

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 08-16-2013 Today’s blog post focuses primarily on short-term (positions lasting from a day to a few weeks) traders. While intermediate and long-term investors should be paying close attention, short-term moves should not impact their trading positions. The stock market, as measured by the Wyckoff Wave, took a surprising turn this week. Perhaps others anticipated the move to the downside, but it was rather low on my list of probabilities. …

Taking a Short Term Position

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 11-23-12 The Wyckoff Wave finished this holiday shortened trading week with a bit of a surprise. After rallying from point G, the Wave appeared to be running out of steam as it approached support line D – F. Price spread and volume was reduced and the Technometer moved into an overbought condition. In addition, the Optimism – Pessimism Index was in a negative inharmonious action, when compared with the …

Tiny Changes Can Lead To Significant Moves. Are we seeing one now?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 02-24-12 We are in a traders market. The stock market, as represented by the Wyckoff Wave, has moved sideways for three weeks. The price spread has been relatively small and the volume not overly impressive. The intermediate and long-term bulls don’t really have a dog in this hunt. They can simply watch the supply versus demand battle from the sidelines. If there is a reaction back towards the H …