Courtesy of Read the Ticker
Big channels are the sand pit of price action. Lets review some big trends of these past months.
GLD
– Moving higher to upper solid red line channel
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XAU
– Ready to pause, or simply explode.
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SILVER
– Ready to pause, or simply explode.
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Typical, no action for years, then a few weeks of crazy!
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…
..”TIME is the most important factor in determining market movements and by studying the past records of the averages or individual stocks you will be able to prove for yourself that history does repeat and that by knowing the past you can tell the future.
There is a definite relation between TIME and PRICE.
Now, by a study of the TIME PERIODS and TIME CYCLES you will learn why tops and bottoms are found at certain times and why Resistance Levels are so strong at certain times and bottoms and tops hold around them.
The most money is made when fast moves and extreme fluctuations occur at the end of major cycles.” ..
William D Gann
..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..
Bernard Baruch
..”Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it”..
Warren Buffett
The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.
Basketball Legend Michael Jordan.
..“It’s not what you own that will send you bust but what you owe.”..
Anon