The Wyckoff Wave Below Trading Range Support

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued lower for the week.  Volume has increased on the selloff. The O-P was lower for the week as well. The Force Index was higher for the week. The Technometer is trading slightly above oversold, after registering oversold at Wednesdays close.   We had expected a rally this week, but we began the week selling off then stabilized late in the week.  The OP is moving much more in lockstep with the …

Trading Range Scenarios

Matthew Beasley Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 02-12-2016 Emotions and preconceived conclusions are two of the very best ways to lose money in the stock market. The experienced Wyckoff trader always looks for multiple scenarios and what would happen if a particular scenario is going to play out. A great way to lose money, in the stock market, is to assume a particular scenario is going to play out and sticking with it, even when market …

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 …

Approaching The Bottom Of The Range. Sign of Weakness or a Spring?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 04-11-2014 This was not a great week for the Wyckoff Wave. Even though Wednesday was a good day for the bulls, the Wave lost ground on the other four days. At Friday’s close, the Wyckoff Wave was at the support line of its intermediate term up trend channel and just above the support at the bottom of the trading range. This would suggest that this week, one of three …

Are We Seeing An Important Sign Of Weakness?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 11-16-12 During the last two months the Wyckoff Wave has lost over 3, 350 points or 10% of its value. The move down from point D, on the daily chart, has been strong and fast. Many traders are forecasting gloom and doom and some have even exited the market. The pending crisis in Washington DC has certainly not helped the situation. Presently, the Wyckoff Wave is hovering just above …