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SP500 Gann Angle Update

Road Runner

After the SP500 smashed through the supporting 1x1 Gann Angle, where are we now?

The SPY is in between the two strong Gann Angles. Whip saw can be expected. A break down through support could be scary.

SPY Gann Chart

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

Investing Quote...

"[Point and] figure charts are more valuable than vertical [bar] charts." ~ Richard D Wyckoff

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

"If it's obvious, it's obviously wrong." ~ Joe Granville

"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

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros

 

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