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Created on: 6/4/2017 6:24:24 PM Last Update: 6/6/2017 2:05:45 AM Posted by: RTT
WARNING: This entry is 2303 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
The dow 7 year itch review
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 Nothing goes is a straight line for ever! After a long period of time you know something scary is coming!
Stats from the 100 years trend of Dow Jones Industrials Index
10 year cycle of years starting with a 7 on the end (1987, 1997, 2007) and years ending with a 8 on the end (1988, 1988, 2008).
During the 2years of 2017 and 2018 the odds are:
1) 20% chance the up trend will continue at the same pace with no correction greater than 12%.
2) If (1) occurs and a major correction is delayed the odds increase a 20% plus correct is very likely.
3) 80% chance the trend does not continue at same pace and will either fall or trend flat.
4) 40% chance price will trend higher or go flat, with no major corrections.
5) 60% chance some sort of correction greater than 12.5%.
6) 40% chance some sort of correction greater than 20%.
7) 40% chance some sort of correction greater than 30%.
8) 30% chance some sort of correction greater than 50%.
9) Two major bearish corrections in a row is unlikely [subject to (2) above].
Corrections come in many forms, fast or slow, no one knows what is in store this time. From above you can bet on (1) and (3).
Click for popup. Clear your browser cache if image is not showing.
Charles Nenner talks about the 7 year after 8 min mark.
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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Investing Quote...
.."Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion"..
Jesse Livermore Trading Rule
The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.
Basketball Legend Michael Jordan.
.."A radical is one who speaks the truth."..
Charles August Lindbergh Snr
.."Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it"..
Thomas Sowell
..."I always believe that prices move first and fundamentals come second"..
Paul Tudor Jones
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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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