Dow Jones Gann Angle Update

The Dow Jones has its own manner, some stocks are fast, some stocks are slow and some are in between. No matter the powers behind the scenes Gann Angles will help the chartist with the 'Dow Jones Manner Watch'!

These charts provided by NorthmanTrader clearly showing the puppet master behind the scenes

(Click on image to enlarge)

and...

(Click on image to enlarge)

With all the above going on we still can see how the Dow Jones migrates to its controlling Gann Angles. 

Now what to expect going forward into some of the most difficult months for stocks (New York summer months) is testing action off the 1x2 and 1x1 Gann Angles. You can assume this, the wise will most likely distribute stock float at these recovered price levels (thanks FED), the not so wise will likely assume the FED put will continue to save the day, every day. The black box on the chart is the expected zone for future price action (see below). 

Of course, we all see the traditional head and shoulders, but as we can all see this, it is likely to be managed by the puppet masters. And an another 'of course', if the brown 1x1 Gann Angle is broken a downswing swoon of 20% or more can be expected. 

(Click on image to enlarge)

Fundamentals are important, and so is market timing. We believe a combination of Gann AnglesCyclesWyckoff and Ney logic is the best way to secure better timing than most after all these methods have been used successfully for 70+ years.

 To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our  more

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.