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Australia to enter a very sad period – Update

Courtesy of Read the Ticker.

australia-to-enter-a-very-sad-period---updateNothing has changed for the better, Aussie. It is just who will be last through the market ‘has changed’ gate.



Previous posts, here.



Reminder, this is how markets work. The masses are the uniformed herds moving into the next market phase. 














Readtheticker.com blog sounded the ANZAC alarm over 18 months ago. Those who follow this blog are better informed than most. [ RTT Plus subscribers get the latest information, and more importantly the possibility of a US recession ]. 



First, a fun fact: Economic slumps are quite common in the first 3 years of a new decade: 1973/4, 1982/3, 1991, 2002/3 were all US recessions. It is 2019, so 2020 – 2023 is a ripe window for economic trouble. 



It seems the NZ Reserve Bank has flicked the panic switch. Listen carefully to video below as a perfect storm is near: ANZAC demographics risk, debt levels, spooked buyers, spooked banks.



Not mentioned in the video below is the coming Asian region economic slump on the back of TRUMP’s attack on China’s export economy. Guess who has being living of the massive Chinese demand. Well, that would be AUS and NZD (Just watch the $AUD and $NZD. The currency boys know what is coming).



Is this just the beginning?










RTT Comment: One speaker in the video jokes about an investment in bitcoin, of course putting all your funds in one asset class (i.e all in housing, all in stocks, all in bitcoin) is just as stupid. Be advised, those who can use debt free speculation must consult a clever and informed investment adviser. 





Below are AORD charts from prior posts (Price has not been updated, since Feb 2019), suggested a big change is coming. 





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AORD





And…





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AORD




IDEA: Do not be the last sheep through the economic gate of change! 












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.





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…



..“The game of speculation is the most uniformly fascinating game in the world.  But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer.  They will die poor.”…



Jesse Livermore





..”Money can’t buy you happiness but it does bring you a more pleasant form of misery”..



Spike Milligan





..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..



Bernard Baruch





..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell”..



John Templeton





..”The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”..



George Soros










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