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Gann Angles – Crash Market Observations

Courtesy of Read the Ticker

gann-angles--crash-market-observationsA selection of charts of what is going on, and lets face it even the king of the jungle can get in trouble.



Jesse Livermore quote



…“NEVER BUY A STOCK BECAUSE IT HAS HAD A BIG DECLINE FROM ITS PREVIOUS HIGH”…




Dow Gann Angle Chart: A pause is expected around $20,000 – $22,000. but below $18,000 no one is safe. After such a rapid and steep decline stock charts are broken every where. Repair will take a 6 months to 12 months (if economics improve), the next three months will be filled with margin selling and portfolio adjustments. The main  point is the lows have not been found, and of course if the C19 virus disruption continues beyond 3 to 6 months then world GDP will be strangled down to deep recession levels and the stock markets will reflect this shock. In truth NO ONE KNOWS!







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Dow Gann






Stocks like StarBuks made fortunes for some, but now, massive run ups, have massive corrections.







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SBUX GANN






Gold is acting as it should, nice 5 up, now a decent correction as expected. 





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GLD






Like gold margin selling is hurting bitcoin, gold, silver, and related stocks. A bottom will be found in the next 3 months and the new trends will be begin in bitcoin gold, silver and related stocks. Of course this depend on how low the wider risk on markets go and how fast.





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XAU





Great change brings great opportunity for those with deep pockets.











Divider







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…



..”Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader”…



Jesse Livermore





..”The first rule is not to lose. The second rule is not to forget the first rule”



Warren Buffett





..“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.”..



Bernard Baruch





..”Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it”..



Warren Buffett





..“How many millionaires do you know who have become wealthy by investing in savings accounts?”..



Robert G Allen








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Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

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