We would have expected Cheesecake to fall much easier than it has the last few days, so we are going to cover our shorts at the market. Technometer on the Wyckoff Wave and the Wyckoff Wave Growth is extremely oversold so we do not want to be short here.
Current Price $51.49
Good Trading,
Todd Butterfield
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…
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…
The Wyckoff Wave spent last week working higher, then succumbed to major selling to end the week. Volume increased some on the selloff. I was…
The Wyckoff Wave closed the week sharply higher, on much lower volume. The Technometer is extreme overbought. We closed strongly higher Wednesday/Thursday/Friday to end the…
The Wyckoff Wave closed the week down again, on an increase in volume. We was hoping that prices would try to hold early in the…
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