MIchaelTran
Long

Wyckoff market cycle - ASX 200 markup

FX:AUS200   S&P/ASX Index
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Wyckoff 2 rules
source: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:wyckoff_market_analy

GDP below long-term average of 3%, low spending, unemployment increasing, weak currency,...

Economy system need to be reformed otherwise there wont be a "markup"

(typically, that's seen first in financial risk-taking - like borrowing to invest in assets such as shares or existing property rather than the expansion of new businesses and job-creation.
And, "beyond a certain point, it can be dangerous," Mr Stevens said. )

Note: this chart is for speculative stock only. (according to Wyckoff theory)

Thank you for your reading ;)
Michael
Are you Australian. You post a few Aussie charts
Reply
I'm Australian, but I'm not born here. ;)
Reply
morganj71 MIchaelTran
Michael
I didnt know we could get charts for Aussie stocks through Trading View. How do i do it?
Reply
I'd reccomend reading David Weis' book: "Trades about to happen". If you haven't read it already.
+1 Reply
MIchaelTran IvanLabrie
cool! I will find and read it , thank you
+1 Reply
IvanLabrie MIchaelTran
You won't regret it :D
It's a great read.
+1 Reply
MIchaelTran IvanLabrie
:D basically trading is educated guessing game, the more we learn the more lucky we can get. Thank you Ivan,
Reply
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