If there was ever a chart that confirmed the policy of never picking a top, then this is it!
How many more lives does this trend (cat) have, soon a trader (dog) will brake ranks and start selling (running after cat)!
Life number 11, done next 12...Chart of Morgan Stanley Cyclical Index hitting the 1x1 Gann Angle over and over again.
Click for popup. Clear your browser cache if image is not showing.
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...
.."Mathematical science, which is the only real science that the entire civilized world has agreed upon, furnishes unmistakable proof of history repeating itself and shows that the cycle theory, or harmonic analysis, is the only thing that we can rely upon to ascertain the future."..
William D Gann
.."The key to making money in stocks is not to get scared out of them"
Peter Lynch
.webp)
Comments
Log in or sign up to join the conversation.