Courtesy of Read the Ticker
To all those who suggested the FED would consider tapering their balance sheet after Jackson Hole, we see how shallow your thinking is, the FED can never taper, ever!
Note: Unless of course they willing wish to adjust risk in assets lower (that is a crash dude).
Today (2021-07-14) J Powell has moved away from 'transitory inflation' to 'inflation will persist for several months and then moderate. In short, the US is going to move into a period of stagflation, which is rising prices while growth stagnates. This means the US dollar will lose purchasing power and investors will be looking for purchasing power protectors like Gold, Silver, Crypto.
Gann Angles from the price of zero on the date of an important pivot low can signal the price and time of critical points in price action in the future. The critical point may result in a breakdown or rally away of price. Example below.
Chart 1 – Silver is currently at a critical point, rally away, watching and waiting. (For members, the Gann Angle line below was draw with Trend line Degrees).
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Chart 2 – Channels show support
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Chart 3 – Re post of US dollar down cycle expected.
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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…
.."Success in trading means excess of profits over losses. If anyone tells you they can almost be invariably successful, put him down as trying to impose on your credulity."..
Richard D Wyckoff
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
Benjamin Graham
After a question on how to become a better investor professional Mr Munger responded, ..“Read history, read history, read history."..
Charlie Munger
.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..
Kenneth Chang
.."If past history was all there was to the game, the richest people would be librarians"..
Warren Buffett
