Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Stocks

Tape Reading for Distribution

by February 7, 2024
February 7, 2024
Tape Reading for Distribution

Recent Power Charting episodes have been devoted to the classic technique of chart reading innovated by Richard D. Wyckoff. He referred to the method as ‘Tape Reading’ while it is actually the technique of reading charts, bar by bar to assess the likely future direction of an index, stock, bond or futures contract. This price and volume chart reading method is as powerful and relevant as it was a century ago when Mr. Wyckoff was successfully employing it. Using the Case Study approach we utilized at Golden Gate University (GGU), the recent episodes of Power Charting have largely focused on this type of analysis.

The current Power Charting (link below) has a Distribution case study of United Parcel Service (UPS). Mr. Wyckoff integrated Vertical Bar Chart analysis with Point and Figure studies therefore we do the same in this case.

The Wyckoff Community have enthusiastically embraced these studies and have asked for more of them. I am all for it. Chart reading is about the most fun a Wyckoffian can have! This bar by bar analysis of price and volume is a meticulous process that once understood can reap huge rewards. It is a mastery skill. Wyckoffians will study and markup thousands upon thousands of charts, finding their mastery path continuing to ever higher levels. My mission, in these cases, is to support you on your personal market mastery journey. 

All the Best,

Bruce

@rdwyckoff

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. 

Power Charting Video: Tape Reading for Distribution

Video Index

00:00 Intro

02:03 New StockCharts Index Members Page

10:43 Pruden Model – Distribution Definitions

11:30 Wyckoff Rules

11:43 Long Term Weekly Chart (UPS)

14:00 Point & Figure Big Picture (UPS)

15:18 Tape Reading Action (UPS)

21:54 Point & Figure (UPS)

Reference to Wyckoff Distribution definitions: CLICK HERE

0
FacebookTwitterGoogle +Pinterest
previous post
Three Things I WISH I’d Known About Trading
next post
FAA increases oversight of Boeing 737 Max 9 jets after Alaska Airlines near-disaster

Related Posts

What Does Equal-Weight S&P 500 Tell Us About...

August 17, 2023

S&P Breaks Below 200-Day Moving Average: It’s Going...

October 20, 2023

DP Trading Room: MUST SEE GOLD CHARTS!

March 5, 2024

The Case for a Tactical Stock Selloff

January 17, 2024

Gold is Making Waves within a Long-Term Uptrend

February 1, 2024

MEM TV: Will The Markets to Continue Trading...

November 11, 2023

Rules-Based Money Management – Part 8: Putting Trend-Following...

June 7, 2024

Three Reasons to Consider Gold

March 15, 2025

What Can the VIX Reveal To Us In...

November 3, 2023

Identifying Powerful Trends with This Game-Changing ADX Setup

February 16, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Fed Watch: Key Bullish Patterns in the S&P 500, Utilities, and Crypto

    • Three Charts to Watch for an “All Clear” Signal

    • Use This Multi-Timeframe MACD Signal for Precision Trades

    • The Unpredictable Stock Market: How to Make Sense of It

    • Crypto Market Recap: New Hampshire Launches First State Crypto Reserve, Trump Stirs Controversy

    • SAGA Metals Extends Claims at the Radar Ti-V-Fe Project –Securing the Entire Titanomagnetite-Bearing Intrusion

    Categories

    • Business (1,181)
    • Investing (2,402)
    • Politics (3,699)
    • Stocks (1,551)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved