Market Call, Upper Channel Correction Imminent

By: readtheticker | Thu, Jun 5, 2014
Print Email

This chart shows a 100% success rate as to a market reaction to the upper channel.

The Dow Jones Transport chart below is a very long term chart 1898 to 2014, so 'imminent' time frame is not hours or days it is weeks. It is safe to say that within the next 12 weeks a 10% price adjustment is very very likely. And with valuations screaming massive P/Es on the Russel 2000 and Nasdaq, a 10% correction may be on the light side.

The Dow Jones Transport is only 20 stocks, therefore it is not hard for the composite man to get this index higher while others are shaking sideways or lower, but traders are the same in 2014 or 1900, they have GREEN on the screen and soon they will turn this GREEN into CASH. Profit taking on huge winners is an easy market call.

Dow Transports 1898-2014
Larger Image

Investing Quote...

"Stocks create their own field of action and power; power to attract and repel,which principle explains why certain stocks at times lead the market and 'turn dead' at other times"

~ William D Gann

"Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs"

~ George Soros


NOTE: does allow users to load objects and text on charts, however some annotations are by a free third party image tool named




Author: readtheticker


We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. 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.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. members may have a position in any company or security mentioned herein.

Copyright © 2011-2015

All Images, XHTML Renderings, and Source Code Copyright ©