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Distribution Logic and the USD dollar

Courtesy of Read the Ticker.

distribution-logic-and-the-usd-dollarThe USD dollar is very important, we now have a problem, the sell off in the $USD is weakness. Be worried!



We can see the buying climax (BC) , followed by a automatic reaction (AR), a test (T) and we also have a up thrust after distribution (UTAD) and the sell off to support, a clear Sign of Weakness (SOW). The concern is the $USD has fallen from a break out of resistance to previous support, sure $USD is very oversold, and you can expect a bounce, and the bounce will have all traders considering loading up large shorts (expect a last point of supply LPS). This is a classic Wyckoff distribution pattern. Of course traditional charts readers may call this a ‘head and shoulders’ once the LPS has formed. Keep watching!



Of course those outside the USA holding US paper assets wont be pleased, and like before a falling $USD creates portfolio adjustments, buying non USA stocks and bonds, etc. Also you can expect support for real assets (oil, metals, art).



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USD


RT thinks ..”Welcome to the Twilight Zone – it would seem this is the place where Debbie Wasserman Schultz resides, works, and even conspires. She is at the center of a growing scandal that includes ethics violations, fraud, embezzlement, theft, lies, misrepresentation, Pakistan, and gross mishandling of sensitive government documents. And guess what? None of this is being blamed on Russia!”…This could be the Washington scandal of the decade!



This site is not political, the fact is these news stories will rock the $USD and maybe stocks. Remember 1974 sell was based on political noise!








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…



…”Vibration is fundamental; nothing is exempt from this law; it is universal, therefore applicable to every class of phenomena on the globe.”…



William D Gann





..“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





..“Because of the extreme challenge, one must commit full attention to it.” Market speculation is “no different than trying to be a successful doctor or lawyer … you simply must devote yourself full-time to the study of your craft”…



Bernard Baruch





My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.



Marc Faber









..”The first rule is not to lose. The second rule is not to forget the first rule”



Warren Buffett








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Click here to see some testimonials from our members!