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Thursday, March 28, 2024

RTT Market Timer warned of the current market down swing

Courtesy of Read the Ticker.

rtt-market-timer-warned-of-the-current-market-down-swingAs part of our RTT Plus service we include coverage of our custom RTT Market Timer. We are proud to say on Jan 22 2018 we posted this warning, and encouraged turning GREEN (profits) on the screen to CASH.


..”WARNING, the NYSE internals are flashing no new LOVE for the recent new high!”..”Remember our ‘2018 Out Look’, we are near the end of the CAUSE from the EFFECT and not near the beginning”…”more PUT buying than CALLS, WOW”..




Of course since the above quoted date the DOW JONES has plunged 2,500 pts from its highs in Jan 2018.



NOTE: Not calling a crash, or a trend reversal, too early to make this call, RTT Plus service just made the call that current extended prices can expect serious profit taking.



Within RTT Plus we also posted these two charts warning our members.



Extreme readings of of RTT TrendStatus Indicator



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Index


We looked at 1929 and 1987 sell offs (from above).



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SPy Crashes






Good Call, Yes!



Just a thought, these guys do not have RTT Market Timer and Wyckoff, Gann, Hurst, Ney market logic!
















Sure fundamentals do matter, and so does market timing (entry, stops and exit), here at readtheticker.com we believe a combination of Gann Angles, Cycles and Wyckoff Logic is the best way to secure better timing than most, after all these methods have been used successful for 70+ years.



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…



..”There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”…



Jesse Livermore





…..“I measure what’s going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.”..



Martin Zweig





..”Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception”..



George Soros





..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..



Warren Buffet





..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..



Bernard Baruch







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