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You might want to take a look at Dynamic Gann Lines as developed by Don
Fisher. He can be contacted at ganntrader@xxxxxxx
Disclaimer: I have no financial interests in this method other than
being a very satisfied user of the technique.
Chris Cheatham wrote:
>
> I think speed resistance fans (on log charts especially) are one of the most
> powerful discretionary tools around. Esp in combination with Elliott
> patterns and fib targets. The thing that is difficult about them is, in my
> experience, the best way to use is to draw based on best fit, rather than on
> a formula -- very touchy-feely. (If someone has a canned approach for this,
> I am all ears...) If you get over that element of it, it is truly amazing
> the turning points that will fall very precisely on lines at later dates,
> sometimes years later. FWIW, I use 1/2s, 1/4s, 1/8s, but I have looked at
> fib #s and they work well also.
>
> Chris
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, July 03, 2000 12:16 PM
> Subject: GEN - in defense of Speed Resistance fans & boxs
>
> > The speed resistance fans and boxes can be useful if applied
> appropriately.
> > Some criticism lately has been that they are backwards looking. If a
> swing
> > point is used as the first anchor and the first reaction used as the
> second
> > point for the box, then the line extensions provide price targets.
> > Accompany the fan lines with a Stochastic and a few other things and the
> > probability of detecting a turn should be enhanced.
> >
> > BoBr
> >
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