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Hello,
Addition of a GAnn wheel would be nice too but my main aim was that i
would have liked someone to advice whether i should book profits.This is a
amibroker usergroup not TA group i know but lots of seasoned traders are
here and i dont want to be left holding the sack.with all the groceries at
such high levels.
If time is right better to exit so i wanted to know whether my
reasoning is right and if not right whether to be a little more greedy and
wait with a stop loss.
-- N !!
----- Original Message -----
From: "Graham" <kavemanperth@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, July 11, 2005 3:18 AM
Subject: Re: [amibroker] Gann clarification !!
> Are you asking for the gann wheel to be added to AB?????
>
> otherwise the point of this post is???
>
> On 7/10/05, Natasha !! <dynomitedoll@xxxxxxxxxxxx> wrote:
> > 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 !!
> >
> > Please note that this group is for discussion between users only.
> >
> > To get support from AmiBroker please send an e-mail directly to
> > SUPPORT {at} amibroker.com
> >
> > For other support material please check also:
> > http://www.amibroker.com/support.html
> >
> >
> >
> >
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> >
>
>
> --
> Cheers
> Graham
> http://e-wire.net.au/~eb_kavan/
>
>
>
> Please note that this group is for discussion between users only.
>
> To get support from AmiBroker please send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
>
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