Dow Jones cycle update and are we there yet?
by Chart School - November 14th, 2019 4:05 pm
Courtesy of Read the Ticker
Today the Dow and the SP500 are making new all time highs. However all long and strong bull markets end on a new all time high. Today no one knows how many new all time highs are to go, maybe 1 or 100+ more to go, who knows! So are we there yet?
readtheticker.com combine market tools from Richard Wyckoff, Jim Hurst and William Gann to understand and forecast price action. In concept terms (in order), demand and supply, market cycles, and time to price analysis.
Cycle are excellent to understand the wider picture, after all markets do not move in a straight line and bear markets do follow bull markets.
CHART 1: The Dow Jones Industrial average with the 900 period cycle.
A) Red Cycle: The 900 period cycle (or 880) is the dominate cycle in the Dow Jones.
B) Notice how the cycle low 1,2,3 and hash [#] is timed with market recession (in order): 1982, 1991, 2001, 2008 (out of sync). The last has a recession forecast for late 2020 or 2021 [a maybe].
C) CAUSE 1, CAUSE 2 and CAUSE 3 are the normal stepping stones of Richard Wyckoff cause and effect logic. Very typical price action: market rallies, consolidation, rallies, consolidation, you guess it, it rallies. Of course if a rally does not follow a consolidation then the ’cause and effect’ confidence trend is broken. So far this is has not happened. This is why one can not be bearish to any strong degree, the bullish status quo continues.
D) RTT Momentum reflects price momentum relative to the cycle. The current position of momentum is elevated and bullish.
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CHART 2: Below is the Richard Wyckoff Point and Figure 1 to 3 risk reward forecast.
A) As the above Dow Jones cycle suggest markets are still bullish, and CAUSE 3 forecast suggest the SP500 can reach at least 3,400
B) And why not, price has done this twice before.
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The $64,000 dollar question is next.
Question: Is the above cycle a mid or late cycle event?
A late cycle event is when…
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Gold Gann and Cycle Review
by Chart School - November 5th, 2019 4:15 pm
Courtesy of Read the Ticker
Gold has performed well, golden skies are here again. In fact it has been a straight line move, and this is typically unusual and a pause can be expected.
It seems the markets are happy again, new highs in the SP500, US 10 year interest rates look to re bound, negative interest may soften. The US FED has reversed their QT and now doing $250BN (not QE) repo. The main point is the FED has stopped QT, and will do QE forever. The evidence now is the FED put is under market risk and the possibility of excessive losses do not exist.
Point: If in future if there is market risk, the FED will print it's way out of it.
Subject To: In this blog view. The above is so until the amount required rocks confidence in the US dollar as a reserve currency.
Gann Chart review.
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Cylce Chart Review
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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.
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…
.."Thus, I affirm, every class of phenomena, whether in nature or in the stock market, must be subject to the universal law of causation and harmony. Every effect must have an adequate cause."..
William D Gann
..“The main purpose of the stock market is to make fools of as many men as possible”..
Bernard Baruch
.."If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks"..
John (Jack) Bogle
.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..
Kenneth Chang
.."October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."..
Mark Twain
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RTT browsing latest..
by Chart School - October 29th, 2019 6:15 am
Courtesy of Read the Ticker
Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.
Date Found: Sunday, 09 June 2019, 08:53:36 AM
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Comment:
Look away, nothing to see here!
Date Found: Sunday, 09 June 2019, 08:41:52 PM
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Comment:
The Fat Pitch: Yield Curve Risk
Date Found: Tuesday, 11 June 2019, 08:12:16 AM
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Comment:
History rhymes… FED controlled demolition, The will call the next crash – Building 7 Crash (ref 9/11)
Date Found: Tuesday, 11 June 2019, 08:16:49 AM
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Comment:
david jensen Austian True Money Supply signals another major warning
Date Found: Monday, 17 June 2019, 08:31:47 AM
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Comment:
Singapore Electronic exports plunge like 2009 – World Recession tic tic
Date Found: Sunday, 23 June 2019, 04:54:42 PM
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Comment:
Leading Index Near Recessionary Warning – UPFINA
Date Found: Monday, 24 June 2019, 07:16:34 PM
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Comment:
Gold going up with more NEGATIVE YIELDING debt!
Date Found: Wednesday, 26 June 2019, 08:54:58 AM
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Comment:
Well this is nuts, and AMZON Price is $1878 June 26th 2019 – Nutz!
Date Found: Saturday, 29 June 2019, 10:05:21 PM
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Comment:
$USD bearish, gold and BTC bullish
Date Found: Sunday, 30 June 2019, 01:49:02 AM
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Comment:
Gold stocks have room to move!
Date Found: Wednesday, 03 July 2019, 08:11:48 PM
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Here is why Bitcoin jumped 20% (2019-10-25)
by Chart School - October 26th, 2019 11:57 pm
Courtesy of Read the Ticker
If you are having trouble finding the news behind the bitcoin price move, don't fret here is the answer.
1) Gold and silver starting to react to US FED repo non QE US Dollar creation.
2) Congress questioning of Zuck on Libra did not surprise.
3) Bitcoin price hit trusted outer demand channel line (see chart below).
The answer is mostly (3), of course to monitor price action near channels you must chose your charting software carefully, to ensure it draws true and accurate channels correctly. readtheticker.com does this well.
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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.
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…
…"I was brutal in self-analysis. He told his sons his conclusions: “Successful trading is always an emotional battle for the speculator, not an intelligent battle.”…He knew that his biggest enemy was his own emotions."…
Jesse Livermore
..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..
Warren Buffet
.."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
..“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
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Gold Stocks Review
by Chart School - October 18th, 2019 5:43 pm
Courtesy of Read the Ticker
Gold stocks are swinging back forth between the range, and a break out swing higher is due. Gold stocks are holding a near perfect Wyckoff accumulation pattern. All should get ready to play this sector. Yet we must recognize that gold stocks are a one of the most crazy rides at the stock market fair, so play very carefully.
More from RTT Tv
GDX PnF chart from within the video
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Important channels around the HUI.
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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.
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…
.."[Point and] figure charts are more valuable than vertical [bar] charts"..
Richard D Wyckoff
.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic… There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."…
Paul Tudor Jones…
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Review of Andrew CardWell RSI with Wyckoff price waves
by Chart School - October 15th, 2019 4:25 pm
Courtesy of Read the Ticker
RSI measures relative strength of price action of a set period versus prior set periods. It helps review the price swings or waves, the power of each price thrust into new ground, or lack of it. Price thrust like many things relies on energy, and energy is not a constant, it has a birth, a life and a death and relative strength helps us see that cycle.
More from RTT Tv
Chart in video
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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.
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…
.."One of the most helpful things that anybody can learn is to give up trying to catch the last eighth – or the first. These two are the most expensive eighths in the world. They have cost stock traders, taken together, enough millions of dollars to build a concrete highway across the continent."..
Jesse Livermore
.."Money can't buy you happiness but it does bring you a more pleasant form of misery"..
Spike Milligan
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
Benjamin Graham
.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..
Kenneth Chang
."Buying stuff people hate, that's the business we are in, right!"…"you may need to have a longer time horizon"…"be patient"..
Mark Yusko
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US Economic Review 2019Q4
by Chart School - October 9th, 2019 5:46 pm
Courtesy of Read the Ticker
An investor must form an opinion of the wider economic risk, here is a small sample of readtheticker.com US economy review.
More from RTT Tv
Example of the first chart in the video.
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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.
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…
…”By knowing the exact vibration of each individual stock I am able to determine at what point each will receive support and what point the greatest resistance is to be met”…
William D Gann
…”This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President Woodrow Wilson signs this bill, the invisible government of the monetary power will be legalized….the worst legislative crime of the ages is perpetrated by this banking and currency bill.”…
Charles August Lindbergh Snr
..”The first rule is not to lose. The second rule is not to forget the first rule”
Warren Buffett
..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell”..
John Templeton
..”To cause high prices, all the Fed will do will be to lower the re discount rate…, producing an expansion of credit and a rising stock market; then when, business men are adjusted to these conditions, it can check, prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause
…
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Cycles supporting consolidations
by Chart School - October 1st, 2019 11:50 pm
Courtesy of Read the Ticker
Cycles show how regular time and price periods work within price action, they help thread the needle as to where price may move to next. Cycles with Wyckoff logic help expose how fundamentals are working through price action to motivate price to a new level.
Here are some examples of cycles with other readtheticker indicators.
Chart 1: If the SP500 trends higher on QE4 and gold holds up, then gold stocks should do well, and most likely out perform gold itself.
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Chart 2: The dollar bulls suggest there is a dollar shortage, and as the supply of dollars is low the price should move higher as demand is high. The dollar bears say there is a large supply of dollars arriving from US deficits and QE4, hence the price will fall. Of course is a matter of timing as to which happens first. Watching and waiting.
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Chart 3: Gold is moving higher in line with the build of negative sovereign debt, the size of overall debt, constant money printing, US deficit risk, and elevated market risk. Cycles are working well with gold.
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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.
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…
..“It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality
…
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RTT browsing latest..
by Chart School - October 1st, 2019 6:15 am
Courtesy of Read the Ticker
Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.
Date Found: Friday, 12 April 2019, 02:42:48 AM
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Comment:
Wait what? 2016 low was saved by China monetary boost, so late 2019 early 2020, who will save the SP500? Kudlow cut 50bps! ???
Date Found: Thursday, 02 May 2019, 09:18:22 PM
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Comment:
Divergence Worry
Date Found: Monday, 06 May 2019, 07:35:09 PM
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Comment:
Boom Bust Boom Bust ..
Date Found: Monday, 06 May 2019, 07:39:03 PM
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Comment:
1974 Nixon closed the gold standard.
Date Found: Monday, 06 May 2019, 09:00:52 PM
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Comment:
GDX to swing higher after shake out, so says this work…
Date Found: Tuesday, 07 May 2019, 01:45:38 AM
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Comment:
tic tic
Date Found: Friday, 10 May 2019, 02:08:54 AM
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Comment:
Yield Curve Really Does Matter for Unemployment – Free Weekly Technical Analysis Chart – McClellan Financial
Date Found: Tuesday, 14 May 2019, 04:19:23 AM
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Comment:
QE or not to QE
Date Found: Wednesday, 15 May 2019, 02:46:57 AM
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Comment:
Gundlach points out a remarkable divergence, one between the YoY change in US GDP and the Citi US Econ Surprise index – according to Gundlach, if the econ index is accurate, US GDP is set to plunge.
Date Found: Wednesday, 15 May 2019, 02:50:53 AM
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Comment:
…
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Bitcoin fenced in by price channels
by Chart School - September 24th, 2019 6:31 pm
Courtesy of Read the Ticker
Price channels are a wonderful thing, the show true support and resistance, and fence in market noise.
Previous Post: Bitcoin 2019 fractal with Gold 2013 , Bitcoin Wyckoff Accumulation Pattern
A sudden and sharp test of the downside was expected (see post 14 Aug 2019).
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In Wyckoff logic terms the current (2019-09-24) sharp attack (10% drop) on price support lines still may qualify as a high volume spring, and of course will require further testing to prove it is not a dramatic sell off. We will wait and see.
Yes risks are very present and the not so good news of the go live Bakkt bitcoin futures contract has been used for such an attack on support lines. Yet this is a side note as bitcoin continues to be digital gold, plus for the big boys to get in they must maneuver prices lower to acquire volume to accumulate at discount prices. Mission accomplished!
Channel lines fencing in bitcoin market price action noise.
Short term view
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Longer term view
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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.
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…
..”One of the most helpful things that anybody can learn is to give up trying to catch the last eighth – or the first. These two are the most expensive eighths in the world. They have
…
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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...
Ilene is editor and affiliate program
coordinator for PSW. She manages the site