You can see from the chart that we have marked the OP going two new lows over the last 3 weeks as the price has not. This is a classic divergence between price and volume.
The Technometer is also now extremely oversold. We think this is a low risk buy entry with a sell stop at the previous low of $20.89.
Click Here For Wyckoff Wave Chart 06-27-11 Our last post ended with the Wyckoff Wave at point Y. The Wave was in an overbought position…
Click Here For Wyckoff Wave Chart 06-08-11 Let’s pick up our study of the Wyckoff Wave at point M. Click here to view and download…
The Wyckoff Wave closed the week down sharply, on low volume. For the last week and a half, the Wave had met resistance at its…
Click Here For Wyckoff Wave 09-08-10 This is the first of many future posts about the Wyckoff Wave. These will include some history of past…
The Wyckoff Wave finished the week lower once again , on low volume. We was wanting a slight correction to get our Technometer closer to…
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