We want to enter 50% of a normal short position in TLT at the current price. If it rallies anymore we will go to full position.
The Technometer is extreme overbought, and we have corrected the most recent decline.
Uptrend line is also in jeopardy here.
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 11-24-11 Ever since I began writing my Weekly Market Reports, to post on the blog, and my daily Pulse…
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…
📋 Market ScoreCard General Market Condition: Corrective / Risk-OffWyckoff Bias: Distribution / Markdown pressure in major indexesTrend Structure: Weakening leadership, broad deterioration under resistanceTechnometer Condition:…
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…
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