

David White's daily market letter, The Path of Least Resistance, gives you trade recommendations based on David's proprietary Power Law Vector Indicator that put the odds of success overwhelmingly in your favor. He'll give you the entry price, price target, and stop price of each stock and option trade. With The Path of Least Resistance you can put The Power Law Vector Indicator to work for you.
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Chart Example

From the July 6th edition of Path of Least Resistance. The best looking high priced stock continues to be PCLN. Back at the break out area with light volume.

The standard Wyckoft pattern is to wait for the retest of the break out area on lighter volume. Therefore, we are comparing the break out day (#1) with yesterdays volume. Next was the energy light back into the retest yesterday. We can see that my PLVI shows that it was significantly lighter. We look for close to 50% lighter energy and swing volume on stocks, and 70% on ETF’s. As an ETF, we liked the light retracement.
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