Post information about Creek Jumps
Thursday, July 8th, 2010 at
2:51 pm
If you come across any Creek Jumps, take a moment to share it with the Wyckoff community. Just place a comment in the Leave a Comment section, with the stock symbol, the exchange on which it trades, the date and any additional comments you wish to make. Let’s join together in our never ending search for Wyckoff trading opportunities.
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Filed under: General Observations
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Since I started the topic on the forums I will go first. FTI in my opinion had a clearly defined Selling Climax, Automatic Rally, Secondary Test and now a Jump across the Creek. The creek jump was done on a gap up which to me indicates real strength. If the overall market takes a rest next week we may get a backup. The creek appears to be in the $56 range, current price is $60-$61ish with resistance at $62. So, this is where you would expect a bit of a backup. The company is extremely strong fundamentally having recently raised guidance.