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Cyclicals are Poised to Move Sideways
By: readtheticker | Monday, February 18, 2013
The Morgan Stanley Cyclical Index has advanced to 2007/2008 highs, traders
have solid profits with an index at massive resistance suggest at the very
least profit taking to commence, or Wyckoff distribution to move front and
center.
The Morgan Stanley Cyclical index is made up of solid companies (only 1 bank)
that are very sensitive to economic conditions (economic canary) and is a must
watch to ensure trends by SP500 and DOW are solid. After a great run to long
term resistance, what trader wouldn't take profits?
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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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
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