Rollover once again…
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Revisiting The Technometer & A Thought For Long Term Investors
Click Here For Wyckoff Wave Chart 05-27-2016 Last week there was a small conflict between the Wyckoff Wave’s Technometer readings and the analysis of its price spread and volume. Even though the Technometer was in a clearly overbought condition, Wyckoff analysis suggested the Wyckoff Wave was not ready to react. My Wyckoff studies tell me that when there is a conflict, stick with market analysis that studies the relationship of both supply and demand. This …
We are covering all short positions at the market…
Markets are down once again today, and we are at the lows for the last 3 weeks in some of the general indices. Nasdaq has had a much larger correction as well. Our technometers are not supporting much more weakness, so we think the prudent thing to do is to cover shorts and stand aside. $SPY #XLE $VNQ
Continue to take new short positions
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Take new short term short positions.
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Shorts identify candidates
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Waiting for Successful Test of Lows…
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Technometer in an oversold condition…
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A Friday Surprise
Click Here For Wyckoff Wave Chart 12-04-2015 This past week, the stock market, as measured by the Wyckoff Wave, put in two definitive days to the downside. The long-awaited reaction appeared to begin on Wednesday, as the Wyckoff Wave reacted on wide price spread and sustain volume. More supply came into the market on Thursday as both price spread and volume increased. The Wyckoff Wave also returned to its intermediate down trend channel and appeared …
The Force Index & The Wyckoff Wave
Click Here For Wyckoff Wave Chart 10-09-2015 On Tuesday, after rallying off a trading range low at point U, the Wyckoff Wave appeared to run out of demand and seemed ready to react. That didn’t happen. Instead, the Wyckoff Wave continued its poor quality rally and, as of Friday’s close, had moved through the important resistance line drawn from point E. It is also testing the support line of the old short-term, now intermediate term …
Bullish Signals From The Wyckoff Tools
Click Here For Wyckoff Wave Chart 06-26-2015 Last week, the Wyckoff Wave appeared ready to react and, once again, test the #3 spring at point G. Writing in last week’s post, I suggested that the test would be completed by now and, in all probability, it would have been successful. Unfortunately, the stock market moves at its own pace and as of Friday’s close, the Wyckoff Wave was in a precarious position. It was hovering …