Gann's line of death

[Arthur Rivet <55crownvictoria@xxxxxxxxxxxxxxxx>]

Hi Gang..... A 45 degree angle drawn from a high or low was considered a
Line of Death by Gann.  If one drew a 45 degree line up from a low it should
act as support. If prices went below the line they would keep on falling.
Drawn from a high, it would act as resistance.....Lets first look at Gold,
the XAU. from the low on 7/7 draw a 45 degree angle up. What do we
see???.... Now ,on the IND,from the high on 8/7, draw a 315 degree line
down.(360-45=315). See how the line acted as resistance this week.... Also,
in reguards to gold, do a Fib study from the high at the end of Feb to the
7/7 low. The 38% line is acting as support also.