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Brent wrote:
>If I said, "what is the signicance of 381 in the dow", how many could tell
>me that that was the high in 1929 before the '29 crash? Most would say who
>cares, but similar questions could be made up for any subject.
If the Gann book you have happens to be 'How to Make Profits in
Commodities', that question has already been answered.
Gann wrote on page 68:
'The basis of money is 100 cents to a dollar....they have become used
to dividing the dollar into eighths...this makes the natural resistance
points for prices...dividing the dollar by eight we get...'
The 381 high is the median between the 3/8 and Fibonnaci .386 of the
natural square of 1000. I do not know the actual low, but have been told it
is this number divided by 10, and the median of 3/8 of 100 and .386 x 100.
Let me know if you have the actual low whether this is accurate as
reported.
From what I see, what Gann was talking about is using the dollar as a
metaphor for the natural squares, the static resistance levels.
Definitely questions we should be asking on any subject.
Static squares can be of any scale.
Question for the day: What is 9/8, and would that level appear to be
important to the Dow over the last year?
Sorry if your question was rhetorical. I thought I heard another
question in there.
Darrin
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