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yorker@xxxxxxx wrote:
>
>
> Edgar,
>
> You mentioned that W. D. Gann made his predictions exclusively using
> astrology and not using any of the technical tools mentioned.
>
> How do you know this? I feel that I am more knowledgeable than most on W.
> D. Gann and although there is no question that WD was an astrologer I have
> not run across any information to back up your contention that he did not
> use his technical tools to make his predictions. On the contrary, when
> asked how he made some of his most amazing predictions he flately stated he
> used the law of vibration which suggests strong use of number and cycle
> theory.
>
> No question astrology was or may have been first in his analysis, but I can
> not agree that he did not use his other tools every bit as much. Again I
> ask, If what you say is true, what may I ask is your source? I do not ask
> this question in sarcasm but only in wishing to learn more about W. D.
> Gann. I may very well have missed something.
>
> I have one other question. You seem very well versed in W. D. Gann, and
> one question does bother me a bit. Upon his death, W. D. Gann did not
> leave a large estate. Given the fact that he may have made up to
> $50,000,000 in the markets, as is widely touted, I wonder why he did not
> leave a larger estate.
>
> Does anyone in RT's have any information regarding how successful W. D.
> Gann was at actually trading in his own account? Sorry to ask, but would
> you include the source of your information.
NW: All I can tell you is that Gann's estate was probated in Dade
County, Florida (Miami) in 1955? at $150,000. That would be equivalent
to about
$5,000,000 today. I think the $50 mil number was a "promotional" number
that did not count some of his misfortunes such as the couple of time he
lost his trading capital because the firm he traded thru went broke.
This is not to take away from Gann as a technical genius of the markets.
It does bring into question the "legend" of W.D. Gann. I wrote an
article on this very topic back, "What You Need To Know About W.D.
Gann" in the early 80s which was published in Traders's World Magazine.
It was also published early in 1997 in Dave Green's Traders Club?
publication (don't remember the name of it). I think it may have been
the March issue. I discussed and showed proof of Gann's use of
Astrology. I also discussed Gann the Man vs. Gann the Legend.
Yes, John Gann was probably not a very good source as he was bitter
toward his father since their business separation in the late 40s or
early 50s.
Legendarily,
Norman
>
> Kind regards,
>
> Yorker
>
> PS: I do not believe Elder got reliable information from W. D. Gann's son,
> IMHO.
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