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Offshrttrst:
1. It would be helpful if you signed your name to your e-mail.
2. Where is this magazine "past, present, future" published?
3. MMurrey may indeed have much of value for us.
4. I'll repeat what I have said many times: If Gann were as good a trader
as his legends he would, at the very least, owned this country. It is
difficult enough for most people to learn a new method or understand a new
idea, without the proponent making it difficult
thanks for this posting.
Lionel Issen
At 12:31 PM 8/14/97 -0400, Offshrtrst@xxxxxxx wrote:
>In a message dated 97-08-08 10:22:46 EDT, lissen@xxxxxxxxxx (Lionel Issen)
>writes:
>
><<
> When discussing Gann's methods and history, let's deal with verifiable
> facts. One of them is that Gann was not very wealthy when he died, another
> is that he made his living selling courses.
> >>
>
>
>In a letter that I received from Mr. James C. Flanagan, Editor of "Past,
>Present,
> Futures" newsletter he states in reference to Mr. W. D. Gann;
>
>"The legend revolves around his ability to pick exact turning points in
>stocks and commodities without the use of "inside information". This brought
>him acclaim as the "Guru of Wall Street", "Master Economic Forecaster" and
>"Authority on Prediction of Securities". He forecasted the high in the Stock
>Market in 1929 nine months in advance, and the "depression low" in 1932 six
>months in advance. Another remarkable prediction was made during the summer
>of 1909 when he stated that Sept. Wheat would sell at $1.20 a bushel. This
>meant that it must touch that price before the end of the month in Sept. At
>12:00 o'clock, Chicago time on Sept. 30 (the last trading day), the contract
>was selling below $1.08 and it looked as though his prediction would not be
>fulfilled. Mr. Gann said, "If it does not touch $1.20 by the close of the
>market it will prove that there is something wrong with my whole method of
>calculations. I do not care what the price is now, it must go there." It is
>now a matter of record that Sept. Wheat surprised the whole country by
>selling at $1.20 and no higher in the very last hour of trading, closing at
>that level."
>
>Mr. Flanagan refers to Gann's "Master Time Factor" that many searched for
>within his materials, until it was published in 1983 in a book called "My
>Story - A Search for W.D. Gann's Master Time Factor" by one calling himself
>"the Seeker". It seems that Mr. Murrey has found this same 'factor'. I for
>one am paying close attention to these discoveries and trying to incorporate
>them in my strategies - I have a lot to learn.
>
>According to Mr. Flanagan, there are 13 Master Time Factor Cycles which will
>be completed by August 1997. The Great Cycles are the 60 & 90 day cycles and
>will be joined with 14 other bearish cycles, which according to his
>calculations, he does not believe the market can continue to advance after
>Sept. 1997. He states further that,
>
>"in the 210 year history of the N.Y. Stock Exchange, there has never been a
>bull market top between October of the "7th" year and October of the "8th"
>year." Vol. 8, No. 7 July 1997 'PAST PRESENT FUTURES' newsletter.
>
>Is there a foreboding logic and truth to what we are hearing?
>
> "That which has been is that which will be, And that which has been done
> is that which will be done. So there is nothing new under the sun..."
>
>
>
>
>
>
>
>
>
>
> Solomon
>
>FOOD FOR THOUGHT !!!
>
>Regards,
>SRR/arr
>
>
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