Courtesy of Read the Ticker.
There next down swing in small cap stocks could get very messy.
Using readtheticker.com Hurst cycle tools we can see that both in Small cap stocks and Crude oil may be swinging down over the next few months. The easy money has been made on the up swing, yes there may be little more to go on the up swing, but not much! When the cycles works is a good idea to keep an eye on it!
Small cap stocks is a good measure of Risk On vs Risk Off. Remember true accumulation sees the reduction of volatility, so far we have not seen this, which suggest distribution is the main theme of this consolidation, and lower prices normally follow.
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Investing Quote…
..”Frequent requests are made for the name of someone who will teach the Art of Tape Reading. I do not know of anyone able to read the tape with profit who is willing to become an instructor. The reason is very simple. Profits from the tape far exceed anything that might be earned by charging tuition fees to his students. Its simple economics”…
Richard D Wyckoff
..”Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs”..
George Soros
..”If past history was all there was to the game, the richest people would be librarians”..
Warren Buffett
..”Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected”..
George Soros
..“How many millionaires do you know who have become wealthy by investing in savings accounts?”..
Robert G Allen
