• 275 days Could Crypto Overtake Traditional Investment?
  • 280 days Americans Still Quitting Jobs At Record Pace
  • 282 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 285 days Is The Dollar Too Strong?
  • 285 days Big Tech Disappoints Investors on Earnings Calls
  • 286 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 288 days China Is Quietly Trying To Distance Itself From Russia
  • 288 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 292 days Crypto Investors Won Big In 2021
  • 292 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 293 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 295 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 296 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 299 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 300 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 300 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 302 days Are NFTs About To Take Over Gaming?
  • 303 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 306 days What’s Causing Inflation In The United States?
  • 307 days Intel Joins Russian Exodus as Chip Shortage Digs In
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