Courtesy of Read the Ticker
The Dow has topped out with major events, the current virus could be the third strike!
2001 – 9/11 Twin Towers
2007 – Bear Sterns
2020 (?) – C19 Virus
Chart explains all. Dow Jones Industrial's comparing market tops 2000, 2007 and 2020.
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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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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…
.."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
.."Money couldn't buy friends, but you got a better class of enemy"..
Spike Milligan
…..“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
..“If it’s obvious, it’s obviously wrong.”..
Joe Granville
..“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