SP500 Is About To Enter The Reaction Zone

By: readtheticker | Mon, Jun 30, 2014
Print Email
Zone of Uncertainty

Cycle do exist in the market, once again price action of the SP500 is to enter into zone of uncertainty.

The time frame of the cycle turn is about 8 to 16 weeks. The last Kitchin cycle roll over resulted in a 20% plunge and if you remember it started with the earthquake in Japan and ended with the USA downgrade. Maybe this time is starts with trouble sourced from IRAQ. As stated before with the chart of the Dow Transports a price reaction (not calling a top) is very likely at current level. Get your popcorn, buy some OEX puts, if you must, and watch the show.

SPY Chart
Larger Image

Investing Quote

"Without specific, clear, and tested rules, speculators do not have any real chance of success"

- Jesse Livermore

"The first rule is not to lose. The second rule is not to forget the first rule"

- Warren Buffett

 


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

 


 

readtheticker

Author: readtheticker

readtheticker
www.readtheticker.com/
www.readtheticker.com/Pages/Blog1.aspx

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.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. Readtheticker.com (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'. Readtheticker.com members may have a position in any company or security mentioned herein.

Copyright © 2011-2014 readtheticker.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/