Courtesy of Read the Ticker.
readtheticker.com is primarily a Richard Wyckoff logic site, however through our research into Wyckoff logic the three indicators below make us very lazy in applying Richard Wyckoff logic.Why? Because if these indicators look handsome together then it most likely the Wyckoff logic is working very well.
These three indicators are NOT a trading system, but they do help with finding excellent well support accumulated stocks that show Mr Market is supporting them. Of course when indicators look ugly they will show stocks in a breakdown, thus less support by Mr Market.
RTT Steps
If the large market plays are accumulating the stock then they will control the range of BID and ASK and not let the stock get to volatile. On down swings they will halt the sell off by adding more demand, and on spikes up they well add supply to slow the advance so that can accumulate more stock float, and when the stock does advance it will do so in a very controlled tight range manner.
Stocks that have a good RTT Steps profile can be found via RTT Swing Scanner (PnF version)
RTTTrendPowerOBV
Volume weighted momentum oscillator. Buy at -15 is best, Zero Ok, +15 if stock is very strong but with care. Very good health trend indicator.
Stocks that have a good RTTTrendPowerOBV can be found via RTT Swing Scanner (both versions).
RTTOBV (Flat EMA 30 to 50)
Supports the RTTTrendPowerOBV. This tool is strongly influenced how price weighted by volume finishes with the close near either the high or low of the day. If close is high on the bar with good volume indicator moves up more so, if close low on the bar with good volume the indicator moves down more so. A good bullish market has more higher closes with good volume than not. That is healthy.A very weak market has lots of low closes on heavy volume. That is not health.
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Video on the subject
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…
..“Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.”..
Jesse Livermore
..”The stock market is filled with individuals who know the price of everything, but the value of nothing”..
Philip Fisher
..“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.”..
Bernard Baruch
..”October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”..
Mark Twain
The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.
Basketball Legend Michael Jordan.
