Springs & Upthrust – What’s Going On?

Jim OBrien Week In Review 0 Comments

Click Herre For Wyckoff Wave Chart 03-01-13 Last week, the Wyckoff Wave appeared to spring the support line of the short term trading range. However, as mentioned last week, good demand had not come into the market to confirm the spring. This suggested we have not seen a spring and were still waiting for ending action. Then on Monday, strong supply came into the market and drove the Wyckoff Wave back through the support area. …

Springs and Trend Lines

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 10-07-11 This week the Wyckoff Wave sprung the trading range. The number two spring has brought the Wave to the supply line of the short term downtrend, with the potential for continued movement to the upside. This could be the beginning of a bull market or a bit of a disappointment as the stock market says it is not quite ready for its next move. Let’s revisit the trading …