ProwdClown
Short

DJI Average - Pasted AGAIN in comments for easier Reading

DJ:DJI   Dow Jones Industrial Average Index
The Text Bubbles pretty much speak for themselves.



Here is an image of a Wyckoff Distribution Schematic: https://i.imgur.com/nOJl0Dd.png

Scroll down in this article to see more instructions on Wyckoff Distribution Schematics. There are two of them in this article. It would be worth while to study the entire article several times: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method

Books by Wyckoff can be found here. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online: http://www.traders-software.com/Trading%20Books/

An excellent video to start with on teachings for Wyckoff by David H. Weis can be found here: "David Weis on Wyckoff, Support/Resistance , and Waves" - https://www.youtube.com/watch?v=uzISUr1itWg&amp=&ytbChannel=BigMikeTrading

I will follow up LATER with charts that INCLUDE indicators. I've been up all night and feel lazy at the moment.

The REASONS you hear in this video should be PLENTY to help one understand how IMPORTANT it is to get as much of your capital out of the stock market as possible and INTO REAL ASSETS LIKE GOLD             , SILVER             and CRYPTO CURRENCY:

https://www.youtube.com/watch?v=6sEtXbgpSaE

And this video by the same channel as well:

https://www.youtube.com/watch?v=1mCDVMXm3mc

I have NO IDEA what her firm would recommend one to put their capital into. It's my recommendation to put it into PHYSICAL PRECIOUS METALS "IN YOUR HANDS" and a percentage in CRYPTO. I do not agree with that lady in regards to Crypto.
Comment: Mike Maloney: The Golden Crypto Revolution & The Cashless Society

https://www.youtube.com/watch?v=fd4A5qfQgRI
Comment: All 8 episodes of Hidden Secrets of Money by Mike Maloney:

https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ
Comment: I would not be surprised if this goes down just before the 2018 mid term elections. Meaning, it would be the Central Banking Cabal's way of TRYING to turn people away from voting conservative (while blaming the dump on conservative economics) in an effort to usher in their new system and socialist/communist politicians who HIDE behind the name PROGRESSIVE and LIBERAL.
Comment: EXCELLENT EPISODE:

"ARE YOUR ACCOUNTS REALLY YOURS?"

https://www.youtube.com/watch?v=TQrX7rvOVmY
Comment: 1M (Month) TF:

Also, two excellent videos to watch/listen to:

As The Economy Collapses, Those In Power Are Taking Sides - https://www.youtube.com/watch?v=5Op35WLo1cY

The Big Event Is On The Horizon Which Will Change The Country: Jim Willie - https://www.youtube.com/watch?v=JZfyyQLefhQ

Comment: Sharing this with comments on the indicators that I shared in the main chat:

Comment: Posting the Monthly TF with the exact same text bubbles. So, ignore the text bubbles. I simply wanted you to see the change in the indicators.

It's not looking good. We are down 9% from ATH and still falling. The BIG "smart" money is getting out with premium profits while the small foolish man takes the hit.

Monthly TF:

Comment: I created this chart several weeks ago. I should have posted it then. Anyway, better late than never... :)

Comment: 7-Day, 14-Day and 21-Day TF's:

Comment: A look at the 2-Month Time Frame:'


A look at the 1-Month Time Frame:



A look at the 15-Day Time Frame:

Comment: I want to post one more chart that I find REVEALING. Have a look at this Quarterly (3-Month) chart:

Comment: 15-Day Time Frame - Update:

Comment: 15-Day TF update:

Comment: My buddy, Rakim, made an excellent observation/comparison with the crash of 1929 and today:

1929 1 Month TF:



Today 1 Month TF:

top notch.
+1 Reply
Excellent work sir, a lot of great information here! Though from a Wyckoff perspective I would say that Phase E ended in November of 2016 and we are currently in a markup phase. Thanks for posting!

Reply
ProwdClown smitheric1970
@smitheric1970,

Actually, We never entered Phase E at all in 2016. Phase E is NOT mandatory. What determines a phase E is determined mainly by the laws of supply and demand in collocation with fundamental analysis.
Reply
ProwdClown smitheric1970
@smitheric1970,

NO BODY will have seen a bear market like the one we are about to see. EVER...
Reply
ProwdClown smitheric1970
@smitheric1970,

Still believe the "Mark-Up Phase continues?"
Reply
@ProwdClown great recommendation on *physical prec metals, the copper rally has started already
Reply
ProwdClown MoonPickle
@MoonPickle,

Thumbs Up...
Reply
Great stuff thanks PC. Mike Maloney's vids are superb
Reply
ProwdClown jconnelly
@jconnelly,

Sure, you're welcome...

Yes, I really like, Mike's stuff.
Reply
Does this mean that as we enter phase D and then E, its like seriously time to prepare... Like this chart of DJI is on a very long time frame, so these are many many cycles about to culminate and end, if your charts suggest anything. Epic collapse is imminent within -1-8month
Reply
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