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Hi Gerald,
yes, I can relate to that, but then who determines what constitutes the
applicable units of price and time?
For instance, let us look at the NASDAQ 100 daily chart. What measurement is
considered equivalent to a time of 250 days? Is it 250 NDX points? Or 250
points in the NQ futures? Or 250 points in QQQ stock? Or fractions thereof?
In which case the question arises, who determines the correct fractions, and
how?
Surely visual impression of the chart cannot be a measure, as this can be
rendered invalid by simply rescaling the chart. But then, what is the
correct yardstick?
I for one have never been able to find out, and I would certainly appreciate
your input.
Best regards,
Michael Suesserott
> -----Ursprüngliche Nachricht-----
> Von: Gerald Marisch [mailto:gm@xxxxxxxxxxxxx]
> Gesendet: Wednesday, October 31, 2001 17:51
> An: MikeSuesserott; Bill Wynne; omega-list@xxxxxxxxxx
> Betreff: Re: Angles
>
>
> Mike:
>
> YOU ARE ABSOLUTELY CORRECT!
>
> The mistake of equating a "1x1" GANN angle to a 45-degree GEOMETRIC angle
> (except in Gold) is an ever-present mistake.
>
> Anyone can see this for themselves. Draw a 45-degree angle on ANY chart,
> change the X and/or Y axis, or both, and the intersection of the 45-degree
> angle with prices will change.
>
> Doing the same with a true "1x1" GANN angle WILL NOT change the
> location at
> which the 1x1 intersects prices.
>
> A GEOMETRIC angle results from price OR time; a GANN angle results from
> price AND time.
>
> ----- Original Message -----
> From: "MikeSuesserott" <MikeSuesserott@xxxxxxxxxxx>
> To: "Bill Wynne" <tradewynne@xxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
> Sent: Monday, October 29, 2001 9:04 AM
> Subject: AW: Angles
>
>
> > Bill Wynne [mailto:tradewynne@xxxxxxxxxxx]
> > wrote:
> > > Angles will be uncomparable even if you just rescale the SAME chart
> > > of the SAME market.
> > >
> > > BW
> >
> > Hi Bill,
> >
> > this is exactly the problem I always have with Gann angles, Gann boxes,
> etc.
> > I fail to understand how one can speak of 45 degrees or squares
> when there
> > is no accepted standard for the y-scale of a chart.
> >
> > Best regards,
> >
> > Michael Suesserott
> >
> >
>
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