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Dow Stock Market Crash Watch Update

Stock-Markets / Stock Markets 2020 Mar 15, 2020 - 06:18 PM GMT

By: readtheticker

Stock-Markets

As expected reality was to knock on the door of everything priced to perfection, but is the panic selling done yet?


Previous Post Dow 2020 Crash Watch Dow, Three strikes and your out!

Today's smash was expected after TRUMP made this virus a real thing. But you can also bet that the Treasury dept new what TRUMP was going to say and they had their targeted naked shorts to get money out of securities the do not want leading trends in the near future, like gold, silver and crypto currencies.  Today is a rush to cash. Now the central bodies have Friday and the weekend to slow the panic, organise a defense and cause consolidation, just like 1929, 1987, 1937 Update: FED prints $1.5 trillion, just like that! Recession stocks like DG, WMT and COST are trading better than gold, go figure. 

Some charts.

Looks like the big boys stayed out of this last rally, smart money was way ahead of the crowd.

 

Just like 2008 contagion selling hit gold, for 1 monthly bar (maybe 2 this time), now we watch for the smart money to accumulate in the strong trends for the next 12 months. Our bet gold, silver, bonds and crypto will be attractive to the smart money once the margin calls and panic selling is done in the next few weeks.

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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