Courtesy of Read the Ticker.
The Dow Jones has its own manner, some stocks are fast, some stocks are slow and some are in between. No matter the powers behind the scenes Gann Angles will help the chartist with the 'Dow Jones Manner Watch'!
These charts provided by NorthmanTrader clearly showing the puppet master behind the scenes.
and …
With all the above going on we still can see how the Dow Jones migrates to its controlling Gann Angles.
Now what to expect going forward into some of the most difficult months for stocks (New York summer months) is testing action off the 1×2 and 1×1 Gann Angles. You can assume this, the wise will most likely distribute stock float at these recovered price levels (thanks FED), the not so wise will likely assume the FED put will continue to save the day, every day. The black box on the chart is the expected zone for future price action (see blow).
Of course we all see the traditional head and shoulders, but as we can all see this, it is likely to be managed by the puppet masters. And a another 'of course', if the brown 1×1 Gann Angle is broken a down swing swoon of 20% or more can be expected.
Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.
Investing Quotes…
In a bull market your game is to buy and hold until you believe that the bull market is near it’s end. To do this you must study general conditions and not tips or special factors affecting individual stocks. Then get out of all your stocks; get out for keeps!
Jesse Livermore
"The key to making money in stocks is not to get scared out of them"
Peter Lynch
"The four most dangerous words in investing are 'This time it's different' "…
John Templeton
"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
"Money couldn't buy friends, but you got a better class of enemy"..
Spike Milligan
