Dow Jones Stock Index Gann Angle Update

By: readtheticker

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

and ..

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 blow).

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 a another 'of course', if the brown 1x1 Gann Angle is broken a down swing swoon of 20% or more can be expected.

Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, Cycles, Wyckoff 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 RTT Plus membership. 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

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

Readtheticker

My website: www.readtheticker.com

We are financial market enthusiast using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors

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