Riding the Wyckoff Wave

[cantana]

Well, since you brought up the “look inside” theme.

There's 3 sectors out preforming the S&P since the Jan low. And some sub–sectors within these sectors have been going great guns.
Just looking for rotation I guess. It do seem like an awful lot of money is congregating in a relatively small area of the market.

[DbPhoenix]

	Quote:	gassah
	My "thanks" was full of sarcasm.

Don't you love being put on the spot?

That's what comes of being a sponsor.

[DbPhoenix]

	Quote:	cantana
	Well, since you brought up the “look inside” theme. There's 3 sectors out preforming the S&P since the Jan low. And some sub–sectors within these sectors have been going great guns. Just looking for rotation I guess. It do seem like an awful lot of money is congregating in a relatively small area of the market.

Hello, sulong. Yes, materials and energy have been doing well, and that would be the place to look for longs when we turn. Do you think it's too late to short?

Incidentally, I should have mentioned that transports are having trouble at resistance as well.

[cantana]

	Quote:	DbPhoenix
	Hello, sulong. Yes, materials and energy have been doing well, and that would be the place to look for longs when we turn. Do you think it's too late to short? Incidentally, I should have mentioned that transports are having trouble at resistance as well.

Over all, no.
I did this DIA overlay with a Mamis sentiment chart. On it you can see where my best guess is.

[DbPhoenix]

	Quote:	cantana
	Over all, no. I did this DIA overlay with a Mamis sentiment chart. On it you can see where my best guess is.

How cool. Where did you get this? Do you subscribe to his newsletter?

[gassah]

Stock Selection Part 1

Buying Tests

1. Objective Accomplished On Down Side - Point & Figure chart used to estimate targets from upper range(s)
2. Activity Bullish - volume increasing normally on rallies and decreasing on reactions
3. Preliminary Support- selling climax in background
4. Stronger than Market - responsive on rallies and resistant to reactions
5. Downward Stride Broken - supply (down trend) lines penetrated
6. Higher Supports
7. Higher Tops
8. Base Forming
9. Estimated Probable Profit Exceeds Indicated Risk

[cantana]

	Quote:	DbPhoenix
	How cool. Where did you get this? Do you subscribe to his newsletter?

I stole the Mamis chart from T Lo's site. She still has a lot that is accessible to non paying scum like me.

[DbPhoenix]

	Quote:	cantana
	I stole the Mamis chart from T Lo's site. She still has a lot that is accessible to non paying scum like me.

Yes, she and Raschke give away an enormous amount of stuff.

[gassah]

	Quote:	gassah
	something called Swing Strength

Here's the Swing Strength:

The difference in the prices squared divided by the difference in the number of Bars. E.g. Sqr(PriceNow - PriceLast) / (BarPosNow - BarPosLast)

[DbPhoenix]

	Quote:	gassah
	Stock Selection Part 1

Is there a Part 2?