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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 852 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
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...
..“It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.”..
Jesse Livermore
...“People somehow think you must buy at the bottom and sell at the top to be successful in the market. That’s nonsense! The idea is to buy when the probability is greatest that the market is going to advance”...
Martin Zweig (The inspiration behind a number of Martin Zweig’s methods came, from Jesse Livermore).
.."it is better to have few stocks and to watch them carefully”...
Bernard Burach
.."Capitalism works better than it sounds, while socialism sounds better than it works"...
Richard Nixon
.."It Ain’t What You Don’t Know That Gets You Into Trouble. It’s What You Know for Sure That Just Ain’t So"..
Mark Twain
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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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