NYSE Margin Topping Pattern to Watch (RTT Plus)
Created on: 1/28/2021 1:34:51 AM
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 The NYSE Margin data is 2 month delayed, but when it does arrive it still can show us what is going on.
PEAKS A, C, E, F, G shows near equal percentage move in price and margin this is confirmation of the move in both.
PEAKS B and D shows unequal performance, and based on the rule of 'effort vs results' margin was not support by price movement, which means something else was going, in short it is not demand, but more supply. If we get a repeat of this then this would be a huge warning of a top in 2021. Even though margin data is delayed 2 months we may be a heads up before price moves. You never now!
The measure used is Year over Year Percentage Change (YOY%) black and red lines.
You can watch this chart via RTT Dash-A within RTT Plus menu.
This chart below uses 8 month and not Year over Year. RTT believes this is misleading and stocks could move to 4500 on the SP500 with ease.
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
.."There is only one way to kill capitalism - by taxes, taxes, and more taxes"..
Karl Marx
..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
..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”...
Paul Samuelson
Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market.
Warren Buffett
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