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

MEM TV: Growth Stocks Fade While These Areas...

March 9, 2024

Master The Most Underutilized Options Income Strategy: Cash-Secured...

May 16, 2024

Fed’s Rate Pause: Does It Really Change the...

June 15, 2023

AMD Stock Projection: Price Could Soar Over 50%

October 11, 2023

Market Research and Analysis – Part 1: Why...

March 15, 2024

Is Aflac Set to Surpass Analysts’ Targets? Find...

June 1, 2024

Has Rate Cut Anticipation Run Its Course?

January 18, 2024

Gold is Making Waves within a Long-Term Uptrend

February 1, 2024

S&P 500 Breaking Out Again: What This Means...

August 28, 2025

Finding Leaders and Bullish Signals on the Price...

February 25, 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

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Lithium Market Update: Q3 2025 in Review

    • Despatch of SPP Offer Documents

    • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

    • Apollo Silver

    • Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

    Categories

    • Business (1,401)
    • Investing (3,062)
    • Politics (3,699)
    • Stocks (1,828)
    • 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