SP500 Gann Angle Update

Time to review the minor sell off in the SP500 with our Gann Angles.

We are touching the lower 1x1 Gann Angle. However as like last time the SPY was at this level FED Bullard game out and talked up QE. We can assume another Bullard ray of BS very soon one would assume. Otherwise the clerks will be making margin calls if we go lower.

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...

..."Vibration is fundamental; nothing is exempt from this law; it is universal, therefore applicable to every class of phenomena on the globe."...

William D Gann

.."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

..“If it’s obvious, it’s obviously wrong.”.. 

Joe Granville

.."The first rule is not to lose. The second rule is not to forget the first rule"

Warren Buffett

...“To me, the 'tape' is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!”...

Martin Zweig