Here is a link to an image of Wyckoff Distribution Schematic #1 for comparison with this chart I've posted here in comments: https://imgur.com/nOJl0Dd
Here is a link with "basic" understanding of Wyckoff and his teachings: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method
Famous quote of Wyckoff:
”…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.”
Wyckoff referred to them as the Composite Man. I refer to them as the "Composite Group."
WHO is the Composite Group? The Central Banks of the World.
A gentleman referred to as "Dave" in X22 Report is in agreement along the same lines as myself. However, I'm simply using Wyckoff Methods to reveal to "The Retail Trader" what the Composite Group has been up to.
He mentioned "not" getting crypto because of an EMP attack of sorts by the Deep State. Knowing what I know about them wanting to create a Blockchain SDR and also in regards to going to a "cashless society," why would they destroy all devices with an EMP? Makes no sense. Think about it... How would people even use this "digital" and/or "blockchain" government currency they want to create? We wouldn't be able to use it. Period...
I'm also copying this comment in the other publication. So, if you're going over to the other to dee what I posted, it will be the same thing.
I'm posting this in my other publication as well: DJI Average using Wyckoff. So, no need to go there if you came here first.
SPX looks very similar:
DAX looks very similar as well:
But just one thing we need to take in account is, that the indexes long term always grow. Because of growing companies included in indexes. So, two things influence on the price of index. One is Internal value of bussineses and the other thing is evaluating of them.
Long term indexes always grow. For indexes maybe we need to evaluate Wyckoff in sydeways up schemes.
What do you think?
If you're going to do FA (Fundamental Analysis), you MUST make sure you look at all the HARD data; NOT SOFT data. "Earnings" is an example of "SOFT" data. Companies can easily manipulate their "Earnings" reports with fancy accountant schemes. However, they cannot manipulate the following data: "sells" "revenue" "long term liabilities" "assets" ETC... ; which is HARD data. You MUST look at their HARD data. This takes serious time to go through each companies HARD data. I'm quite certain you will find MOST ALL companies are seriously hurting. Most are not hiring either except maybe in tech. However, jobs in tech is also slowing down.
By the way, Dave is NOT is real name. He is remaining anonymous as much as he can. His real name is Michael Huddleston. He's a multi-millionaire . He may be a billionaire by now. However, he does not trade near as much as he used to. He had a website http://theinnercircletrader.com that he took down. He took down all his videos on YouTube and Twitter as well. Why? to try to keep people from realizing it is him. Especially, if you were to compare voices. He's a libertarian, very successful financial analyst and father of two children with a wife in his late 40's. He feels he has made more than enough money than he will ever spend for HIS life style. He's now devoting his time trying to wake up people around the world of the mess it's in both politically, geopolitically, socially, financially and economically.