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Sunday, November 17, 2024

Dow Gann Angle Update – Target $44000

Courtesy of Read the Ticker

dow-gann-angle-update--target-440002022 will be a year of change in FED rate hike expectations, from 7x rate hikes to maybe less than 3x. It also will likely see US CPI sinking into 2022 Q3 and Q4. What would be interesting is FED rate cuts and more QE before the end of 2022. US Mid terms are already priced in, a change in the FEDs hawkish stance has not been priced in.



The DOW could run to blow off levels on the change, DOW $44,000 is on the table.









Dow 1






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Dow 2






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Dow 3




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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.




Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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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…



…”There is what I call the behaviour of a stock, actions that enable you to judge whether or not it is going to proceed in accordance with the precedents that your observation has noted. If a stock doesn’t act right don’t touch it, because, being unable to tell precisely what is wrong, you cannot tell which way it is going.”…



Jesse Livermore





..”If past history was all there was to the game, the richest people would be librarians”..



Warren Buffett





..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell”..



John Templeton





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



Benjamin Graham





..”A government is the most dangerous threat to a man’s rights: it holds a legal monopoly on the use of physical force against legally disarmed victims”..





Ayn Rand







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