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Hi N,
When you want to make time projections, work with Fib
Time Extension tool. Also understand one basic fact
cycles are measured from Low to Low(I know this is
contentious and arguements can be had on this ad-
nauseum with nothing resoved at the end). So make your
projections on a low to low basis. Graphic attached.
Please note that Cycle Projection datess may not
necessarily mean "End of Trend" , they can also mean
acceleration of Trend. Finaly why do you want to
develop a bias on the market? Why not let the market
tell you what to do? Develop what-if scenarios and
take it from thereon as the markets unfold.
Unfortunately AB doesnt have as good market gemoetry
tools as one would like, so we work what there is and
that is quite adequate to get a reasonable indication.
IMO Pitchforks can be quite handy for this.
Finally my standard rant- I wish TJ would consider
adding sliding parallels and warning lines etc to
PitchForks and Mirror Lines for Trend Lines. But then
thats just one guy - me, raising a ruckus for these
toys. The rest of the users seem content with what
there is apparently, so the majority prevails.
Regards
R
--- Natasha !! <dynomitedoll_ddd@xxxxxxxxx> wrote:
>
>
> Natasha !! <dynomitedoll@xxxxxxxxxxxx> wrote:From:
> "Natasha !!" <dynomitedoll@xxxxxxxxxxxx>
> To: technical-investor@xxxxxxxxxxxxxxx,
> Ismbsense@xxxxxxxxxxxxxxxx
> CC: dynomitedoll_ddd@xxxxxxxxx
> Subject: Fw: Gann clarification !!
> Date: Sun, 10 Jul 2005 12:22:44 +0530
>
>
>
> 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 !!
>
>
>
> Warm regards,
> Natasha !!
>
>
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