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Created on: 2/28/2016 12:59:07 PM   Last Update: 2/28/2016 1:00:06 PM Posted by: RTT
WARNING: This entry is 2465 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST Glencore showing some strength
glencore-showing-some-strengthMuch has been written on the negative side about Glencore. But the stock chart tells a different story. Something has changed!

Yes the web has negative stories of Glencore derivative, CDS and copper bear market issues, true, but why are money manager buying it? Is it the distress asset play? Is it pure short covering? Who knows! This stock is one to watch. A break out to new ground will confirm strength, any pullbacks should be considered from the long side. Of if it is short covering then supply will surely have another go at pushing this stock down to all time low support.

Wyckoff terms
SC = Selling Climax
AR = Auto reaction
ST = Secondary test
SOS = Sign of Strength, ? is to be confirmed.

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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.


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Investing Quote...

.."Mathematical science, which is the only real science that the entire civilized world has agreed upon, furnishes unmistakable proof of history repeating itself and shows that the cycle theory, or harmonic analysis, is the only thing that we can rely upon to ascertain the future."..

William D Gann


..."The four most dangerous words in investing are 'This time it's different' "...

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 violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The are private, conducted for the purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, and when to stop panic."...

Charles August Lindbergh Snr

..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


In the short run, the market is a voting machine, but in the long run it is a weighing machine.

Benjamin Graham




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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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