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Created on: 8/7/2021 6:45:01 PM Last Update: 8/7/2021 6:48:35 PM Posted by: RTT
WARNING: This entry is 600 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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Bubble Watch - Maybe it only just started, Dow 50000 - Update 2
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 A brief chart post of why Dow 45,000 to 50,000 is on the table.
Many are forecasting a blow off top for stocks. This is fair, and it has happened a few times before, one lead into 1987 (first chart below, see A) and another into 2000 (first chart below, see B and C) Dow Jones market tops.
The Detrending Price Oscillator (DPO) indicator measures price away from a simple moving average in percentage terms.
POINT: In short it measures how far the rubber band is stretched.
Lets look at the DPO indicator. Currently today's price position is at 3 (or 60%) this is equal to prior positions of 1 and 2 (first chart below). The DPO price (3) can move all the way up to prior tops of A,B and C, to X. If this happens, it will be equal to a Dow Jones price range of 44,000 and 50,000, see X??. This a percentage gain of 25% to 45% (current Dow Jones is 35,000).
POINT: Investors will not want to miss out on these gains.
The red cycle shown on the Dow as worked very well over 100 years, please review the red cycle high during the 1987 top, this can happen again in 2021/22. History may not repeat exactly, but it sure can rhyme.
Chart 1 - Dow with the DPO.
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Chart 2 - Price bands
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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...
..“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices break through the limit in either direction.”..
Jesse Livermore
..."The four most dangerous words in investing are 'This time it's different' "...
John Templeton
.."Just because you do not take an interest in politics doesn't mean politics won't take an interest in you"..
Pericles
..“Because of the extreme challenge, one must commit full attention to it.” Market speculation is “no different than trying to be a successful doctor or lawyer … you simply must devote yourself full-time to the study of your craft”...
Bernard Baruch
.."A lie told often enough becomes the truth"..
Vladimir Lenin
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