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    The Stock Market Update: February 3, 2014 © David H. Weis

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    The stock market experienced heavy declines on February 3, 2014, with the S&P cutting through support levels from December and potentially testing levels from August. Volume was the heaviest seen since June, suggesting climactic selling behavior, and point and figure counts project further declines. A rally above 1770 could indicate climactic behavior has run its course.

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    The Stock Market Update: February 3, 2014 © David H. Weis

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    Anonymous L77eD5uo
    8 views1 page
    The stock market experienced heavy declines on February 3, 2014, with the S&P cutting through support levels from December and potentially testing levels from August. Volume was the heaviest seen since June, suggesting climactic selling behavior, and point and figure counts project further declines. A rally above 1770 could indicate climactic behavior has run its course.

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    David Feb-3-2014 stock market - complete commentary

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    David Feb-3-2014

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    The stock market experienced heavy declines on February 3, 2014, with the S&P cutting through support levels from December and potentially testing levels from August. Volume was the heaviest seen since June, suggesting climactic selling behavior, and point and figure counts project further declines. A rally above 1770 could indicate climactic behavior has run its course.

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    8 views1 page

    The Stock Market Update: February 3, 2014 © David H. Weis

    Uploaded by

    Anonymous L77eD5uo
    The stock market experienced heavy declines on February 3, 2014, with the S&P cutting through support levels from December and potentially testing levels from August. Volume was the heaviest seen since June, suggesting climactic selling behavior, and point and figure counts project further declines. A rally above 1770 could indicate climactic behavior has run its course.

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    THE STOCK MARKET UPDATE

    David H. Weis

    February 3, 2014

    An all day rout. The logical story I constructed last night comparing the ranges and volumes of the last two weeks was brushed aside by todays news. Todays range exceeded last weeks. As suggested last night, the trading of the past few days was indeed absorption by the sellers. The S&P cut through the December low at 1754 and could easily test the August high at 1705. Point and figure countsone across the 1843 line and another across 1780project declines to 1693 and 1676 respectively. Prices are approaching the bottom of the down-channel and todays volume is the heaviest since last June. I suppose a case can be made it is climactic behavior. A rally above 1770 will make this more plausible.

    www.WeisOnWyckoff.com

    dhw@weisonwyckoff.com

    Tel 617.489.9155

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