Re Visit Two Charts You Can Trust

By: readtheticker | Wed, Feb 5, 2014
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Bruce

Two charts that are very clear as to what the investor can expect and trust. You can trust these charts just as much as you can bet that Bruce Willis will never get killed off in a Die Hard movie, ever!

These two charts have been posted recently, here is an update showing that the markets are at a critical point. More selling will be very serious. Those that have access to RTT Market Timer have the best tool on the wed to judge the current market correction (which is only 5% so far...a nothing).

A special favorite, notice the break of the 1x1 Gann angle. It better bounce!

Morgan Stanley Cyclical Index
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And the Risk On or Risk Off Cycle, shows there is plenty of room to the downside.

RTT SPDR Product Index versus RTT SPDR Defensive Index
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Investing Quote...

"Tape reading is rapid-fire horse sense...The Tape Reader aims to make deductions from each succeeding transaction -- every shift of the market kaleidoscope; to grasp a new situation, force it lightning-like through the weighing machine of the brain and to reach a decision which will be acted upon with coolness and precision" ~ Richard D Wyckoff

"The stock market is filled with individuals who know the price of everything, but the value of nothing" ~ Philip Fisher

 


 

readtheticker

Author: readtheticker

readtheticker
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We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

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Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
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