• 8 hours Alibaba Is About To Make History Again
  • 1 day Robinhood Users Are Latest Target Of Pandemic Hackers
  • 3 days The Hydrogen Boom Will Provide A $200B Boost To Wind And Solar Energy
  • 4 days Will The 5G Rollout Overshadow This Major Merger?
  • 5 days Corporate Bitcoin Holdings Boost Crypto Confidence
  • 6 days Indonesia Rolls Out Augmented Reality Innovation To Combat COVID
  • 6 days Banks Are Getting Rich On Pandemic Overdrafts
  • 7 days The Real Reason China Is Betting Big On Renewables
  • 7 days Europe Wants To End The Big Tech Monopoly
  • 8 days New Breakthrough Could Transform Rare Earth Mining
  • 8 days Waymo Set To Roll Out Fully Self-Driving Vehicles
  • 10 days Aramco Dividend Won’t Cover Saudi Budget Gap
  • 10 days Credit Card Debt Plummets Amid COVID
  • 11 days Biden Plan Targets “Wealthy” Taxpayers
  • 13 days McAfee Arrested In Spain On Tax Evasion Charges
  • 13 days South Asia Is Set To Unleash A Flurry Of IPOs
  • 14 days U.S. Takes Stake In Irish Battery Metal Producer
  • 14 days Jobs Report Paints Dire Picture of US Economy
  • 15 days Stocks Rebounding As Trump’s Condition Reportedly Improves
  • 17 days Election Proofing Your Energy Portfolio
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

readtheticker

readtheticker

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…

Contact Author

  1. Home
  2. Markets
  3. Other

Obvious Institutional Support for Google Inc

Clapping

If the RTT Steps looks handsome, it can only be that the stock is well supported by the institutions.

With the demand entering the market at the lower line of the RTT Step band is evidence that support is under the stock. In a high cap market stock this can only be the big boys! If you know this as a retail investor then you are on the right side of the trade. Or course when price breaks the lower bound step band then you know someone as broken ranks, the harmony of the stock is damaged and the Wyckoff composite man is not as it once was. Too much supply broke demand.

Inverting the chart allows the chart reader to see if shorting the stock is a better option, so far not so for Google Inc. Bob Evans regularly stated (in the tapes) 'turn the chart upside down' to check your trend, yes this approach does work well.

Monthly Google Chart

Investing Quote...

"Tape reading was an important part of the game; so was beginning at the right time; so was sticking to your position. But my greatest discovery was that a man must study general conditions, to size them so as to be able to anticipate probabilities." ~ Jesse Livermore

"Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market." ~ Warren Buffett

"It is better to have few stocks and to watch them carefully." ~ Bernard Burach

"The stock market is filled with individuals who know the price of everything, but the value of nothing" ~ Philip Fisher

"By failing to prepare, you are preparing to fail." ~ Benjamin Franklin

 

Back to homepage

Leave a comment

Leave a comment