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Sunday, September 22, 2024

Bond ETF with Gann Angles

Courtesy of Read the Ticker.

bond-etf-with-gann-anglesWhen the TLT rises the 10 to 30 yield is falling. Current bond prices suggest that it a time to tool up!



Previous Post: Higher interest rates not expected in longer term bonds



Why Gann Angles?



Simply, the best element is that a Gann Angle requires only 1 point on the chart to draw. The rest is letting price and time measure the price action of the stock.



1×1 means time and price are moving equally.

1×2 means price is moving 2 times faster than time. A fast price mover!



William Gann used many tool, readtheticker.com like the simple tools. When price action is controlled by Gann Angles investing (swing or momentum) confidence is very high.



Using Gann Angles tools with other readtheticker.com indicators is a great marriage (RTT Steps, RTTTrendPowerOBV, RTTOBV, etc).



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TLT




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…



…”In the long run commodity prices are governed by one law – the economic law of demand and supply”..



Jesse Livermore





..”Money can’t buy you happiness but it does bring you a more pleasant form of misery”..



Spike Milligan





..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..



Bernard Baruch





In the short run, the market is a voting machine, but in the long run it is a weighing machine.



Benjamin Graham





My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.



Marc Faber











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