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Hi Darrin,
I made another error in easy language several weeks ago that made the result
of a study look like a fabulous proof. After mentioning it I had to tell
Gary Fritz that I was wrong about the proof and although the raw levels were
interesting the proof was an error. We are human, and we make mistakes. The
reason I read this forum is to learn. I learn from my mistakes.
The question was not rhetorical, rather an example of a question that is
obscure enough for most not to be able to answer. It's like asking a
historian, "what date did George Washington Marry Martha."
I said 381 was the high and I was reminded that I was wrong about that. The
high was 386. The price I got from the chart on the Dow site was 381. That
was the highest close. Maybe more significant is the fact that 386 was
almost 400 but not quite.
I don't know the low you are asking about. Or I don't understand the
question.
Various persons here keep going over my head with the likes of static
squares, squaring the lows, and 9/8. So what's the answer?
BTW Gann said that 28 ½ was the lowest low in Wheat. Maybe someone has and
is willing to share a list of all time commodity lows, highs, and their
dates. I have only a few.
Brent
> 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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