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Created on: 11/4/2014 6:17:35 PM Last Update: 11/4/2014 6:27:34 PM Posted by: RTT
WARNING: This entry is 3017 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
A fail here would be epic
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 Wallstreet use the Dow Jones Industrials and the SP500 as marketing tools, yet there are other less well known indexes that portray the stock market trend better.
The NYSE Major Market Index was the 'goto index' before the 1987 crash, quoted daily, in the media all the time, but now forgotten. It is made up of 20 big stocks, that reflect a close relationship to the economy than the Dow Jones.
Below the chart shows the NYSE Major Market Index is at strong resistance. The INDU and SP500 show a megaphone pattern which is not a great bullish pattern.
Maybe once US mid terms are over the selling will start.
Keep an eye on it.
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
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...
..“What beat me was not having the brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favored my play.”..
Jesse Livermore
After a question on how to become a better investor professional Mr Munger responded, ..“Read history, read history, read history."..
Charlie Munger
.."No amount of evidence will ever persuade an idiot"..
Mark Twain
..“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
.."If past history was all there was to the game, the richest people would be librarians"..
Warren Buffett
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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