Beginning with a discussion of Wyckoff Distribution and Re-Accumulation schematics, John and Bruce compare and contrast major stock indexes. With last week's volatile and sharp declines, Point & Figure count objectives are updated and they profile targets that were reached into last Thursday’s weakness. Breadth is studied for signs of nascent non-confirmation of the market weakness that could be a prelude to a near-term rally. Finally, measures of sentiment show that pessimism became somewhat extreme which often leads to a rally phase. Does last week's decline mark a psychological low from which a Re-Accumulation structure can build a Cause that can eventually lead to a new markup phase? Or is this a respite in a late stage Distribution that will eventually lead to a larger Markdown phase?
What a day we're having and the markets have crashed. With that, it is a good time to see Joe discuss combining the NYAD and the CBOE Volatility Index (VIX). Today, the goals of the presentation are:
To demystify why stock prices fall in trends.
To pinpoint reliable trend analysis methods.
To ...
Today, John covers Martin Pring's "Know Sure Thing." Developed by Martin Pring, Know Sure Thing (KST) is a momentum oscillator based on the smoothed rate-of-change for four different timeframes. Pring first described the indicator in the 1992 “Summed Rate of Change (KST)” in Stocks & Commodit...
In this episode, John shows some of the incredible power of the StockCharts.com scan engine. He highlights the "Rank By" feature of the scan engine that he feels doesn't get the attention it deserves.
Connect with John:
https://www.wyckoffanalytics.com
