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readtheticker

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…

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Long-term Demand and Supply Lines Matter

Paddleboarding with Sharks

After periods of extended trend, eventually price hits a very long term trendline, and this is where the other side of the trade are most likely to react. Risk increases.

Newmont fell through the demand line only to show it was a false break, good defense by the bulls (so far). This action forces shorts to cover.

NEM Newmont Mining Corp
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We can most likely expect similar action with US Dollar DXY index, a bust through and some volatility (code word for correction). The US dollar is in the zone where corporate America will be hurting, and therefore calling senators to motivate a change.

DXY US Dollar Index
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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

"Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria." ~ John Templeton

 

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