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What are they, Lionel? Tell us all about them. Are you an expert on Gann? Do
you use it? Are you saying that Arthur's comments have no merit? Please tell
us the merits of your comments?
Richard Estes
-----Original Message-----
From: Lionel Issen <lissen@xxxxxxxxxx>
To: Arthur Rivet <55crownvictoria@xxxxxxxxxxxxxxxx>;
metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Sunday, August 24, 1997 5:59 PM
Subject: Re: Gann's line of death
>
>1. the gann angles are NOT geometric angles.
>
>2. what do you use for the price division to determine the direction of
>this psuedo 45 degree line?
>
>Lionel Issen
>At 08:41 PM 8/24/97 +0000, Arthur Rivet wrote:
>>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.
>>
>>
>>
>
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