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Thursday, April 25, 2024

Dow Transports forecast current pullback

Courtesy of Read the Ticker.

dow-transports-forecast-current-pullbackLooks like George Soros with his $2bn PUT short, studies readtheticker.com as well!

From this post this blog made it clear a reaction was coming, months in advance.

This is how it turned out.

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tran1

The chart of reference

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tran2

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

..”Tape reading was an important part of the game; so was beginning at the right time; so was sticking to your position. But my greatest discovery was that a man must study general conditions, to size them so as to be able to anticipate probabilities.”…

Jesse Livermore

..”If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks”..

John (Jack) Bogle

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