Taking a Short Term Position

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 11-23-12 The Wyckoff Wave finished this holiday shortened trading week with a bit of a surprise. After rallying from point G, the Wave appeared to be running out of steam as it approached support line D – F. Price spread and volume was reduced and the Technometer moved into an overbought condition. In addition, the Optimism – Pessimism Index was in a negative inharmonious action, when compared with the …

Timing the Market and Turning Points

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 10-14-11 The stock market, as measured by the Wyckoff Wave turned in a most interesting week. The rally off the spring at point H was, in my opinion, difficult to analyze and in several instances, has not behaved according to expectations. It has caused difficulties for short-term traders, of which I was one, but has reinforced important lessons about how short-term traders deal with turning points in the market. …