• 100 days Could Crypto Overtake Traditional Investment?
  • 105 days Americans Still Quitting Jobs At Record Pace
  • 107 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 110 days Is The Dollar Too Strong?
  • 110 days Big Tech Disappoints Investors on Earnings Calls
  • 111 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 113 days China Is Quietly Trying To Distance Itself From Russia
  • 113 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 117 days Crypto Investors Won Big In 2021
  • 117 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 118 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 120 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 121 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 124 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 125 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 125 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 127 days Are NFTs About To Take Over Gaming?
  • 128 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 131 days What’s Causing Inflation In The United States?
  • 132 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

SP500 Machine Off Day

Busted Computer

Today the market has fallen 27 pts (so far) on the SP500, it looks like a machine off day!

Here are some charts from our private RTT Plus blog over the past two months.

The Golden Ratio is very good in picking price judder bars when a market is in new ground and has no resistance.

SPY at Critical Level

Maybe the realisation TRUMP plans may take a little longer than expected, we may see a similar price action to Reagan first year. Or maybe its just the ECB talking of higher rates with all the banking issues they have, and how the many legs of the octopus may reach the US banks derivative books. (Note: Banks are selling off hard, just after a period of large insider selling by bank bosses)

Ronald Reagan Market
Larger Image

Or course we all have seen topping patterns before, wide range up into new ground to bring in the uniformed, wide range down as the informed distribute to the uniformed.

Fast Moves

Investing Quote...

"The Tape Reader's profits should develop naturally. He should buy or sell because it is the thing to do - not because he wants to make a profit or fears to make a loss." ~ Richard D. Wyckoff

"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks." ~ John (Jack) Bogle

"Until an hour before the Devil fell, God thought him beautiful in Heaven." ~ Arthur Miller, "The Crucible" [Contrarian Investing]

"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." ~ Mark Twain

"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

 

Back to homepage

Leave a comment

Leave a comment