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No offense, Jeff, but your question is close to, how do I trade? In the
fewest words possible, you sell when prices are going to go down, and you
buy when prices are going to go up. You get out when you're wrong. To tell
you how and when to do that could be material for a book. Not to be
redundant because I have mentioned it here before but for those that don't
know, there is in fact an article about this, written by me, it can be found
in the Dec. '99 issue of TASC. If you want a primer in the use of Gann fans
get that article.
Otherwise, there are simple rules for which lines are currently the most
important. It's not hard to see which ones they are, they are the ones in
the middle and the ones closest to the price. Obviously, the lines just
right of the price are the most important today and the lines coming from
the most recent pivot are controllers. Intersections are important as well
as can be seen in my example. The rest I leave to your imagination or study.
Hope this helps.
Prosper
----- Original Message -----
From: Jeff Kingery <taotrader@xxxxxxxxxxx>
To: <brente@xxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, June 29, 2000 12:00 PM
Subject: RE: [RT] Gen: Support and Resistance -Gann Lines - CDou
> No offense, Brent, but how does one make trading decisions based on these
> lines? Sure, it looks nifty when the market appears to "bounce" off one
> line or another, but I'm guessing there are somewhere between 64 and 72
> lines on this chart. How do you evaluate the significance of every near
> approach and crossing? I can't for the life of me imagine how all these
> lines could help me decide when to enter/exit/reverse...
>
> Bewilderedly,
>
> Jeff Kingery
>
> -----Original Message-----
> From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx]On
> Behalf Of Prosper
> Sent: Thursday, June 29, 2000 9:41 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Gen: Support and Resistance -Gann Lines - CDou
>
>
> More technical speed line, domed house on hilltop, expansion contraction,
> long volatility, mumbo jumbo for your entertainment.
>
> Although the quality of my equipment is lacking I have done my best to
show
> what it looks like when I put lines on something. This something is Sep.
> Canadian Dollar. Could there be something to it? Nah, its all coincidence
> right.
>
> I guess that one mans voodoo can be another mans victory.
>
> Prosper
>
>
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