readtheticker blogger

Thursday, 26 October 2017

Forecasting Amazon price like Al Capone

When Al Capone ran a scam, he new the outcome, he new his forecast would be on the money. When forecasting stock resistance (or support) zones in the future there really only a few tools that work,

and one would be the Gann Angle with Fibonacci Arcs.

Previous Post: SP500 How much higher ?

The chart below shows how two points are selected [(a) and (b)] which have a number of bars between them which on the count is equal to a Fibonacci number. Fibonacci numbers are found through out life forms in nature as the form represents the best design for survival. A healthy human shape is a form of fibonacci design, so why not stock price. To be fair the fibo arcs work best when the stock has a popular public following as increased human involvement encourages the natural fibonacci sequence to work.

The other tool which readtheticker.com approves of is the Wyckoff Cause and Effect Point and Figure count guide, but that is for another post.

AMZN GANN

Original Post: http://ift.tt/2zEiU5K

Saturday, 21 October 2017

Gold Cycle Update

Why has gold not fallen below $1000 (well so far), what is the golden canary telling us?

Previous Posts:
SP500 Kitchin Cycle says trouble brewing - Update
SP500 How much higher ?

In short, the old heads out there know there is a ying for a yang! Currently the SP500 screaming higher, massive debt, low very !VIX. But as well all know this wont last forever, and the flip side could be very scary. Hence the hedge into metals, and building of the 4.5 year gold base, and as a Richard Wyckoff analyst a base is 'future profits' that can not be ignored.

Within the gold chart below (GLD) we see two dominant cycles, and both show a bottom is forming which should end with an upswing into year end. Notice that cycles do exist in the gold market. Cycle do go 'missing in action', and they do return. Cycles are guide to price highs and lows, price action (Wyckoff Logic) over rules cycles for investment decisions.

The indicator on price is our own RTT Steps which shows off climbing Support and Resistance.

Gold Cycle

Original Post: http://ift.tt/2hVRdOt

Thursday, 12 October 2017

SP500 Kitchin Cycle says trouble brewing - Update2

A Richard Wyckoff investor has to make a judgment of where we are in the trend, start, middle or end before they can invest.

Previous Post: SP500 Kitchin Cycle says trouble brewing - Update

Where are we in the current trend ?

From the consolidation (re accumulation) in 2016 we are not at the start, that is easy, so we must be in the middle or near the end. So far we have seen a massive 42% move and on any measure that is huge, and based on the dominate cycle within the SP500 this blog says we are near the end, or in the last move (say 10% if we are lucky) before we get another major consolidation. Nobody knows if the next consolidation will be defined as a reversal or continuation at this stage. Nothing moves in a straight line for ever!

New money into this market is surely high stakes poker. The defensive trades (gold, silver, bonds) all have bases set up for a price move(if SP500 reverses), the question is do market players continue to move money from SP500 to defensive positions.

NOTE: The price chart below with our RTTHurstDPO indicator shows price is conforming to the 900 bar Kitchin cycle.

SPY cycles kitchin

Original Post: http://ift.tt/2geV3p6

Saturday, 7 October 2017

SP500 How much higher ?

Who's gonna pick a top, not us, but we can pick the next rocky zone?

Tuesday, 3 October 2017

RTT browsing latest..

Please review a collection of WWW browsing results.

Date Found: Thursday, 07 September 2017, 02:18:39 PM

Comment: RTT: GLD to cycle low, how deep no one knows!

Date Found: Thursday, 07 September 2017, 05:41:58 PM

Comment: Insider Trading China Oil Benchmark backed by gold youtu.be/e7bqqZQwwpo

Date Found: Thursday, 07 September 2017, 06:10:15 PM

Comment: Tim Ord Bullish Percent index not confirming GDX rally. Pull back to 23.5 (Neckline of H&S) before heading higher?

Date Found: Saturday, 09 September 2017, 02:58:59 PM

Comment: Keiser Report: RIP, Petrodollar? youtu.be/Lv3pPU-BBU4

Date Found: Monday, 11 September 2017, 03:27:01 PM

Comment: Inflation divergence from BOND PRICE, bubble alert! Bond holders are losing!

Date Found: Thursday, 14 September 2017, 10:19:56 PM

Comment: Russia/China vs The Rest Russia/China 1 The rest Zero youtu.be/PYpuHZcaWII

Date Found: Tuesday, 19 September 2017, 04:15:54 PM

Comment: RTT: Hyper inflation hedge: Stocks, gold, oil, silver anything that moves faster than the soaring inflation rate.

Date Found: Tuesday, 19 September 2017, 04:52:20 PM

Comment: Jim Rickards PETRO dollar is dead, but it will take time youtu.be/7CYf_UFzopk

Date Found: Wednesday, 20 September 2017, 05:32:44 PM

Comment: The NEW SUBPRIME , the VIX short > $1.2T youtu.be/prSAEkUlXzE

Date Found: Wednesday, 20 September 2017, 08:02:44 PM

Comment: Follow The Money... GOLD with Marin Katusa youtu.be/WxjHf-Vmx1o

Date Found: Wednesday, 20 September 2017, 09:43:53 PM

Comment: Tim Ord : Nice high volume is never that good during an up trend.

Date Found: Wednesday, 27 September 2017, 10:32:03 PM

Comment: The herd will be moved!

Original Post: http://ift.tt/2xcAufD

Sunday, 1 October 2017

Wyckoff Bitcoin - Update v3

Bitcoin is still on the charge, who can stop it, lets review.

More from RTT Tv

Richard Wyckoff logic is perfect for block chain investing, as deals with pure supply and demand equation.

Disclosure: No ownership of bitcoin.

Original Post: http://ift.tt/2hGyTfL

Monday, 25 September 2017

Gold Gann Angle Update

The gold bull has passed a bullish test, it has bounced off the blue 1x1 Gann Angle twice!

Recently Jamie Dimon smashed bitcoin as a fraud. In truth this was an attempt to shake out bitcoin players, and slow down the block chain development, or more importantly slow down block chain developers to allow JPM to be first. What block chain development ? Our guess is block chain that allows peer to peer gold and silver transfer. JPM knows that COMEX and LME will be the Nokia to Apple iPhone when block chain provides a world wide service for peer to peer gold transfer of ANY SIZE!

A bullish fundamental behind gold is the fact that true price discovery is coming to the metals markets on the back of development of peer to peer gold transfer via block chain. Bitcoin will be crushed by gold or silver block chain (until the Govt's get pissed!).

Gold Gann

Original Post: http://ift.tt/2yClMQU

Tuesday, 19 September 2017

How Wall Street works

With the massive FED meeting near, the herd are about to be moved.

Wall Street are brokers. They are commission agents.

They make money when you change positions in your account. They desire you to change direction of your account, they care not of the direction of the security.

Wall Street sell investing themes that encourage you to change you account, remember these:

- Technology is the new thing
- Bonds is the new thing
- Foreign assets is the new thing
- Emerging markets is the new thing
- China is the new thing
- Commodities is the new thing

Currently the herd is in: Short VIX, Long SP500, Short Bonds

Yes, they may be correct, but it is the frequency of the change which suits your Wall Street broker.

Consider this very accurate analogy.

The investing public are the sheep, the broker is sheep dog, the farmer is the back room strategist, and the paddock gate is the point of commission. Moving from one paddock to another is the change from one investing theme to another, and if the sheep do not move fast enough the sheep dog scares them enough to move. Yes this is Wall Street in its purest form!

The trick for the savvy investor is to pick (or be first, or contrarian investing ) the new paddock before Wall street herd the public into it, this allows you to enjoy the price rise from new buying. Of course Wall street knows which paddock to target. They never lose!

This is why you must never fall in love with your positions, all trends end, new ones are born, and do not be last in to the new trend.

From the movie Margin Call. All trends see the music stop.

This why Richard Wyckoff logic is the ideal education for the investor. Understanding accumulations and distributions within the 'investing themes' allows you to see where the informed money is moving to new positions or leaving old ones.

Original Post: http://ift.tt/2fyxAM1