Can the Market Rally From Here?
Is Distribution underway? Distribution precedes and is preparation for a Markdown. Two classic Wyckoff Distribution structures are considered in the context of current stock market index trading action. The Dow Jones Industrial Average is evaluated for a possible Upthrust After Distribution (UTAD). Also prior Point & Figure studies , Breadth Indicators, Trendline studies and historic analogs are presented.
To conclude a Portfolio Risk Management technique is discussed with examples.
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