Hello,
Please find below the Gann square of Nine and the weekly
charts of our Markets current
position.The index NIFTY is trading at near
life time highs and many predict a
correction so i was wondering about the
GAnn logic for timing the fall.Any
experienced GAnn trader if he may
oblige.
Fibonacci time Zones
: Please find above a
chart of the nifty - weekly .Consider a few salient points from the
chart. We consider teh Jan 2004 high as a refernce point since teh nifty
rose there unopposed .From that point the nifty crashed in teh 18 th
week (Fib no) Note i am considering all
down weeks as a reference points near teh tops since teh down weeks signify
trends change. So now consider the May 2004 as
a reference point and take fibonacci time zones from there,and we have what
is given below.So on close study note: weeks 5,13,21,34 and 55 come at
turning points .Week 21 and week 55 are significant tops but the bottom pull
backs are smaller as fib no
go on increasing.The remaining nos viz leaving 1
,weeks 2, 3,and 8 are neutral weeks where the market went sideways.Note all
Tps are down weeks.Also Fibonacci week 55 is an important GAnn time
number - 73 .Please see attached chart and go to website indicated for ref of
astrology gann and correlation.(If GAnn is TA then astology is also
TA.) Efficacy is besides the
point. Note:week 21
and unconfirmed week 55 are tops .Wht happend at 21 .Just 2 down weeks and
then again the market resumed its journey.Also note all turning points
are at higher levels to teh precceding ones
.
Now the Gann logic as i
see it is given below the
chart.
The Gann count starts from Point A .Look at the Gann wheel
above the square of nine.
At week 18 we had a major downmove.That on the gann wheel is
inbetween two significant
arcs but our reversal was at week 23 that is at
fibonacci point 5.The reversal move
started
from the next week viz week 24 for Gann .Now the market has
been moving up and up and
though there have been pullbacks and small reversals also
coinciding with the gann wheel
viz number 31 on Gann square of 9 is coincident with
fibonacci 13 etc my main problem is
Note 73 is considered a
significant number in Gann viz there are 5 trading days in a week
and 73 x 5 =365 - no of days in a year.Week 73 has come and
gone .That week we had
a slight blip (week 55 fibonacci) and the market then
resumed its upmove.
Note week 73 and week 31 are at
diagonally opposite sides on gann
wheel.
Currently our markets have finished week
77 and we have week 78 starting
Monday
Note carefully here: At week 24 for GAnn we had a very
significant reversal the
beginning
of a significant major up wave or
move.
ON GAnn wheel the week 23 is just below week 77 one full
cirlce above so the next major move
seems just round the corner .What i would like to know is
note week 24 is between 23 and
25. Thats when the up move started .But 79 not 78 is between
77 and 81 .So would our next
GAnn calculation be week 78 or
79 for consideration ???
Should i wait one more week??
-- N
!!
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