Are We (Finally) Testing the Spring?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 05-04-12 Wyckoff students know that number one Springs (Shakeouts) and number two springs need to be tested. It’s simply a matter of waiting for the test to happen. This week, it finally appears the Wyckoff Wave is reacting to test the spring at point F. It’s been a long road with a detour or two to get to this point. However, with the weakening of the short term uptrend …

Did We Spring The Trading Range?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 03-09-12 For the last six weeks the Wyckoff Wave has confined its price movement to a relatively narrow trading range. It has been a frustrating period as the Wave, and the stock market in general, simply seems content to move sideways without effort or enthusiasm. While this is difficult for intermediate and long-term investors, it is driving short-term and swing traders crazy. They have had no good opportunity to …

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 …