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This is a Gann box that I built over a week ago. I sent your message to a
Gann group. Maybe some of them will respond. I met Freddie Halpers (GET
Gann guru) last month in Cleveland. He is a character. Some of my group are
real Gann groupies.
Best Wishes,
Bob
-----Original Message-----
From: Dick Simmons [SMTP:simmons@xxxxxxxxxxxxxxx]
Sent: Tuesday, August 11, 1998 7:52 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Market discussion
Hi John,
I Use Gann virtually exclusively and rely on :(1) Pattern (2) Price
(3)Volume (4) Wave structure & (5) Time cycles ,as taught by Gann. Time is
the most important and once (1 - 4) are in place, time is the confirming
factor in forecasting and looking for a change in trend. The more time
cycles coming out on a particular day the stronger the chance of a change
in trend.
Bill McLaren a former American and Gann Expert gives 2 day workshops here
in Australia (AU$1600) and you take away with you the notes and Videos of
the Seminar - the best money I have ever spent. He also has a book out
"Gann made easy" (AU$350) which is really your Phd in Gann teachings. It is
not light reading and a study of 3 - 4000 hours is required. He is very
approachable but I do not know if he will sell the videos on their own. If
anyone is interested send me an E-mail and I will provide his contact
address.
If you search the web for "Gann" you can get a lot of information on his
methods.
The Gann indicators in Metastock do not work as a chart has to be square,
ie: 1 point rise in price per day. Consequently I use the chart program
"Ganntrader" most of the time.
The only indiator I use in Metastock are 2 MACD's I have made up utilizing
the 2 common time cycles, in a separate window of their own ( I use it as a
confirming indicator only and not a stand alone indicator). These are a
moving average 15,45 with a signal line15,45,90 and a moving average 36,72
with a signal line 36,72,144. These MACD's send out a strong signal when
the 15,45 line crosses over the other 3 lines within a few days. It is then
prudent to wait a few days for a counter trend or you will find yourself
buying/selling the dips. You will note that the 15,45 line has its own
turning points and resistance but it must be scaled or it moves about when
you zoom in and out. Of course this can be put into an Exploration to bring
up selected stocks if you only trade shares.
S&P 500 Cash
The close of 1069 below the 1072 critical level is bearish and if it moves
lower tomorrow the party is over. Moving lower tomorrow will set up 16 -
19th of October as a critical date as it will be 90 days from high and also
30 years from the 17th October 1968 top which is a major cycle. It is most
likely to be a high.
If there are any other Gann fanatics out there send me an E-mail - it gets
lonely doing this stuff in isolation.
By the way can anyone tell me how to send charts with an an E-mail
Regards,
Dick.
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