Wyckoff Power Charting

Bruce Fraser
About the author: , an industry-leading "Wyckoffian", has been teaching graduate level courses on Technical Analysis at Golden Gate University since the early 1990s. Bruce has been instrumental in crafting the curriculum at Golden Gate University, where his teaching has focused largely on Wyckoff Analysis.

Latest Posts

Wyckoff Power Charting

Enjoying the Short Term View

by Bruce Fraser

Wyckoff has a fractal quality, and thus, the Method essentially works in all timeframes. The trained eye can see the price structures unfolding whether it be on a weekly vertical chart or the shortest term intra-day chart. Let us see if we can drill into the shorter timeframe and find a nuanced interpretation of the current market from the intraday data. After a robust advance in the aftermath of the November presidential election it seems possible that the market could have a retracement, of sorts. As Wyckoffians we would seek to identify a Cause being built, in the form of Distribution Read More 

Wyckoff Power Charting

Going for the Gold

by Bruce Fraser

Group rotation has recently brought to life moribund sectors such as the financials, materials, and industrials. Gold was largely forgotten in the aftermath of the election. At times, it is in lockstep with the broad stock market, and at other times it is marching to its own drummer. After a long bear market gold rallied at the beginning of 2016 and was a bright spot into mid-year. Then it went into a grinding decline that was a huge disappointment to many gold watchers. Now that we are entering 2017, let us turn a Wyckoffian eye toward the metal and try to make sense Read More 

Wyckoff Power Charting

Holiday Chartfest

by Bruce Fraser

The Holiday Season is a joyful time of year. Wyckoffians appreciate the year-end and anticipate the year to come. This period of reflection and planning is best enjoyed by studying lots of charts. Here we offer a few charts to enhance your year-end fun. May you find lots of additional charts to augment your Holiday Season!    Read More 

Wyckoff Power Charting

The Inner Game of Wyckoff

by Bruce Fraser

Looking back over this soon to be concluded year could be a very useful exercise. Let us put a twist on this ‘lookback’ to supercharge the exercise and improve our Wyckoff Method of trading. Mental rehearsal can be a valuable technique for strengthening trading skills. With this technique we take a historical market structure that we are determined to master; and analyze it, evaluate it, label it and then paper trade it. The intention is to become nuanced with the many variations of price structures that develop in markets. Mental rehearsal is the ability to make this rehearsal process as Read More 

Wyckoff Power Charting

There are No Free Lunches

by Bruce Fraser

As this year comes to an end, investors and traders begin thinking about the year ahead. Wyckoff as a tape reading process is concerned with what the current position indicates about the future direction of markets. Ideally Wyckoffians develop their tape reading skills (chart analysis) to a level where market opinions are stripped away and replaced with an unbiased assessment of conditions. Having said this, your blogger was invited to present a ‘2017 look ahead’ at the annual December TSAA-SF luncheon. As my mission in life is to stay in this moment and evaluate current conditions I knew Read More 

Wyckoff Power Charting

Why Point and Figure Works

by Bruce Fraser

We are often asked to explain the rationale for why the horizontal Point and Figure (PnF) method works for estimating price objectives. The horizontal PnF method which requires judgment and nuance to employ, is rarely used these days, yet it works surprisingly well. The judgment required is in knowing how much of the horizontal congestion area to count for the purposes of estimating how far a price move could extend. To understand why counting a horizontal congestion area could systematically and consistently measure the potential for a price move, we must review the role of the Composite Read More 

Wyckoff Power Charting

Get Your Motor Going

by Bruce Fraser

Recently Toyota Motors (TM) has shown signs of life after a long cyclic decline. There seems to be a rhythm between the swings in the price of TM and the trend of the dollar. A strong dollar can improve profit margins of the Japan based auto manufacturer. The current rising trend of the dollar is likely improving business conditions for TM and other foreign companies doing substantial business in the U.S.                                             Read More 

Wyckoff Power Charting

Main Street vs. Wall Street

by Bruce Fraser

When a bull market begins, near the end of a recession in business activity, the fed is actively pumping money into the banking system. This new money seeks a place to go where it can work the hardest. During the early stages of the economic recovery the real economy is running below its capacity to produce. There is slack in the system. It can take years for business activity to rise to a level where companies start to invest in new productive capacity. Generally, the first half of a bull market move in stocks is very robust because new capital is not needed by Main Street and thus finds Read More 

Wyckoff Power Charting

The Broadening Top Formation

by Bruce Fraser

My very first technical analysis book was “Technical Analysis of Stock Trends” by Robert Edwards and John Magee (5th edition). How I loved that book! I read and reread it and endlessly studied the charts. In my estimation it is one of the most important technical analysis books ever published. Golden Gate University Professor, Charles Bassetti, has done a masterful job of keeping this series current with updated editions in recent years (click here for a link to the book). In the early years of my chart studies the ‘Broadening Top Formation’ revealed itself on a Read More 

Wyckoff Power Charting

Wyckoff Doodles

by Bruce Fraser

When markets become dull and listless, Wyckoffians tend to doodle. Currently equity markets seem to be marking time while waiting for the results of the presidential election. The best way for the Wyckoff Nation to prepare is to keep reading the tape (in the form of chart analysis). One of my favorite activities is to doodle on the charts by drawing trendlines. These lines can bring a chart to life and illuminate possibilities that would otherwise remain hidden and obscure. Doodling is best done on charts that you typically do not spend much time studying. Longer term charts are ignored Read More 

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