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Created on: 10/9/2011 4:08:04 AM Last Update: 10/18/2011 3:22:20 AM Posted by: RTT
WARNING: This entry is 5481 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Wyckoff 2.0 Review on Copper
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 Using Wyckoff, Gann and Hurst (we call Wyckoff 2.0) to review securities charts is simply the best way to review price action. Lets review copper ETF (JJC).
First, we cant get all our tools into the images as there is not enough room. Hopefully you get the general idea.
1) First Chart: Review weekly or monthly chart for dominant cycles at work. We want to find predicable working cycles that will allow our position trading bias to profit handsomely. Of course review long term support and resistance levels.
2) Second Chart: Review price action with short time frame Hurst cycles (not shown), Gann Angles and percentages to find critical price levels. These levels help pre determine price support and resistance zones for expected Wyckoff phase development (accumulation, distribution, etc).
3) Review price to volume action (not shown).
4) Review price to leading index action or relative strength performance (or alpha, not shown).
You can do all these charts via readtheticker.com, sign up and review.
First view the Forest..
Click for popup. Clear your browser cache if image is not showing.
Second, Review the trees..
Click for popup. Clear your browser cache if image is not showing.
What we see here is price falling hard and fast. We need price action to base and start moving sideways to up, breaking its way through the bearish red Gann Angles before we get long. The volume on this sell off is very high which shows the big boys like $40 as a support zone. We just have to wait for the mark up phase before we join the party.
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.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
Support this work by buying us a hot drink by CLICKING HERE. If you would like make greater contribution, please make a donation by CLICKING HERE
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...
.."Anyone who buys or sells a stock, a bond or a commodity for profit is speculating if he employs intelligent foresight. If he does not, he is gambling."..
Richard D Wyckoff
.."It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong"..
George Soros
.."It's easier to fool people, than to convince them they have been fooled"..
Mark Twain
..."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
.."A lie told often enough becomes the truth"..
Vladimir Lenin
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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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