Another Failed Spring

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Click Here For Wyckoff Wave Chart 08-07-2015 On Thursday, the Wyckoff Wave reacted on increased price spread and reduced volume. While it closed slightly higher than the possible Spring at point M, it was in a position to continue to react and negate the Spring. A more in-depth look at Thursday’s market action suggested a lack of supply. Moderate supply came into the market, early in the trading day, and then dried up during the …

Stepping Back & Looking At The Market

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Click Here For Wyckoff Wave Chart 07-31-2015 As of Friday’s close, it did not look promising for that long-awaited Spring scenario to come to fruition. Last Tuesday, following a sharp decline to point M, on the daily chart, demand came into the market and the Wyckoff Wave rallied. Then, the rally stalled. As of Friday’s close, the Wyckoff Wave had barely returned to its short-term down trend channel and was unable to rally through the …

Good News for Bad News? A Spring or a Fall Through The Ice?

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Click Here For Wyckoff Wave Chart 07-24-2015 Last week we discussed the wonderful Robert Evans lecture about the Shell Diver. Sadly, for both the diver and the stock market, they were unable to reach the surface (supply line of the short-term downtrend channel) and reacted. This failed effort is marked by point L and the down arrow. Failing to reach the supply line, the Wyckoff Wave reacted sharply and, as of Friday, had penetrated an …

Testing The Spring

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Click Here For Wyckoff Wave Chart06-19-2015 Most part Springs need to be tested. The only exception involves a #3 Spring. Unlike the #1 and #2 Springs a Secondary Test is not required. However, it certainly can happen. The recent market action is certainly a case in point. A successful Secondary Test is the final action that confirms a Spring was successful. It is required in #1 and #2 Springs because the index or stock moved …

Is There A Spring In Our Future?

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Click Here For Wyckoff Wave Chart 06-05-2015 Before resuming my blog posts, I would like to take a moment to express my sincere thanks and appreciation to so many of you who sent me e-mails of condolence after Marlene’s passing. They have helped greatly as I work through this difficult time. Marlene was the love of my life and we would have been married for 50 years this June 19th. In this Internet age is …

Wyckoff Discipline And Looking For Supply

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Click Here For Wyckoff Wave Chart 10-17-2014 On Friday the stock market, as measured by the Wyckoff Wave, completed a wild and wacky week. Despite all the negativity surrounding the week’s market action, the Wyckoff Wave actually closed 229 points higher than the previous Friday. As Friday’s closing price was 40,098, the price differential was not particularly large, but it was higher. This completed a rather strong reaction that started at point B. But it …

Unexpected Behavior Brings Out Relative Strength

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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 …

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

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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 …

Did We Have A Minor Spring?

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Click Here For Wyckoff Wave Chart 02-22-13 On Thursday, the Wyckoff Wave penetrated the support line drawn from point S and then rallied back into the trading range. This gives us an excellent opportunity to discuss Springs and see how they apply to today’s market action. The first rule in identifying a spring is that: A Spring is not a Spring until it has Sprung. That means that just because a stock or index penetrates …

Two Market Perspectives

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Click Here For Wyckoff Wave Chart 01-11-13 Wyckoff investors and traders can look at the stock market with two very different perspectives. The short-term Wyckoff trader is looking for turning points that will allow a reasonable return during a very short time. This can range from the same day to a week or two. The intermediate or long term Wyckoff investor is not as interested in the market’ s short term twists and turns, but …

Where is the Market Headed? A Look at 4 Scenarios

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Click Here For Wyckoff Wave Chart 12-14-12 The stock market, as measured by the Wyckoff Wave, finished the week exactly where it opened last Monday. Despite that apparent inactivity, there were some important changes in the market, along with some interesting signals. On Wednesday, at point J, the Wyckoff Wave apparently reached the end of its rally from point G. While the rally was not of the highest quality, it nicely exceeded the halfway point …

Have We Tested The Spring?

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Click Here For Wyckoff Wave Chart 05-11-12 The Wyckoff Wave spent most of this week finding support at the 30,742 level. This is the support level of the original trading range that began in January. It is marked by a support line drawn from point V. On Monday (marked by the red up arrow), the Wyckoff Wave experienced a gap opening to the down side and spent the day rallying back to just below the …