The Wyckoff Wave Is At A Critical Point – Up Or Down?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 02-20-2015 On Friday, after spending the week testing the top of the trading range (line drawn from point H) on very narrow price spread, the Wyckoff Wave rallied strongly and penetrated this resistance. It closed, on increased volume, at the top of a wider price spread at an all-time high. While that seems good news for the bulls, the Wyckoff Wave is sending both positive and negative signals. At …

At The Top Of The Trading Range. Up or Down?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 02-13-2015 This past week the stock market, as measured by the Wyckoff Wave, reversed course and continued its rally within the trading range. At Friday’s close, it was testing the top of the range (line drawn from point H). When the market reaches these critical points, the Wyckoff student needs to analyze at every possible scenario. Will the test be successful and cause the Wyckoff Wave to react back …

Are We Headed For A Bear Market?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 10-10-2014 This past week, after a poor quality advance on Monday, the Wyckoff Wave reacted and is now testing the bottom of the major trading range. The support line is drawn from a low on March 3, 2014, which is marked as point U on the daily chart. Breaking through the support on good spread and volume could certainly be seen as a Sign of Weakness. A poor quality …

This Crazy Trading Range

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 04-25-2014 The Wyckoff Wave’s most recent trading range, which began in February at point R, is a classic example of why the Wyckoff strategies and techniques are not mechanical tools. While it is very easy, in hindsight, to go back and highlight springs, up thrusts, signs of strength and weakness and last points of supply or support, it can sometimes be difficult to identify them as they happen. That …

When A Backup Isn’t A Backup

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 03-14-2014 Unfortunately trading in the stock market does not offer easy mechanical solutions to the market’s future direction. If that was so, everyone would be a multimillionaire and no one would lose all or a portion of their capital. It is helpful to remember that almost every time someone makes a dollar trading the market, someone else loses that same dollar. Therefore, it is not unusual for developing scenarios …

Changing Scenarios

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 10-26-12 Every day I receive e-mails from Wyckoff students and traders sharing their comments on the condition of the stock market.  They are logical and well thought out. These comments fall into two different categories.  Some students have made a predetermined analysis of where the market is going to go and use Wyckoff concepts to justify that analysis. Others seem to approach the market with a more open mind …

Trading Ranges and Future Directions

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 03-02-12 The first order of business this week is to wipe a little egg off my face. Patently, I was incorrect about the expected move to the upside. I was a bit too aggressive for my own good and simply got caught. Over the years, I have seen many significant moves begin with the subtle change I wrote about last week. Unfortunately, this wasn’t one of them. The most …