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Created on: 2/2/2015 12:21:39 PM Last Update: 2/2/2015 12:21:54 PM Posted by: RTT WARNING: This entry is 4088 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Crude Oil cycle looks to bottom
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Crude oil has been smashed, beaten up, worse than Rocky Balboa!
Yet we have a weekly cycle that has worked for 15 years, and it shows a bottom is to be expected in the months ahead. In 2009 we have 'V' reversal, and no one can say that we shall not get another 'V' reversal, who knows. We should start to see some short covering in 2015 Q1 and maybe a full blow short covering rally in 2015 Q2, we at readtheticker.com like to see a health base of accumlation form before we expect higher prices that will hold. One to watch.
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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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Investing Quote...
.."The market is like a slowly revolving wheel: Whether the wheel will continue to revolve in the same direction, stand still or reverse depends upon the forces which come in contact with it hub and tread"...
Richard D Wyckoff
.."The problem with socialism is that you eventually run out of other peoples' money"..
Margaret Thatcher
.."man exists for the achievement of his desires"..
Ayn Rand
.."Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets"...
Stan Druckenmiller
."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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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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