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Gold Gann Update – Current Pullback

Courtesy of Read the Ticker

gold-gann-update--current-pullbackA quick look at the current gold 'smash' sell off with zero point Gann Angles managing the pullback.

Drawing Gann Angles from ZERO on the date of an important previous high is the starting point in drawing these angles.

The fits looks very good, which suggest the 'whales' use Gann Angles in their process, of course if they fail we may consider another important high point to re draw Zero Gann angles from.


For Members: These angles are drawn with the Trendline Degrees tool.

 

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GLD
 

 

 

 

 

 

 

 

 

 

 

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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. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.

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…

 

 

 

 

 

.."Successful tape reading is a study of force. It requires the ability to judge which side has the greatest of pulling power and one must have the courage to go with that side"..

Richard D Wyckoff

.."When I bet big .. I have a mind to own a position for years .. Yet you must have a ruthless objectiveness and open mindedness as to when the facts change to exit the position, if so within hours or days .. I have not used a stop loss in 40 years"..

Stanley Druckenmiller

My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.

Marc Faber

.."it is better to have few stocks and to watch them carefully”…

Bernard Burach

…"I always believe that prices move first and fundamentals come second"..

Paul Tudor Jones
 

 

 

 

 

 

 

 

 

 

 


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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!

Click here to see some testimonials from our members!