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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (31385)8/24/1999 3:25:00 PM
From: Chip McVickar  Read Replies (2) of 44573
 
Powerfull moves in the Spoos....

Have just read that the Gann Wheel and 'circle of squares' required a conversion factor to trade the S&P and Bonds with it!

"Unlike stocks where you can change the scale to define a more fitting range, futures markets actually require a conversion factor." Connie Brown

Without the conversion factor the futures price objectives are never hit and the user is left scratching their head. They were never published, but are apparent in his personal letters. Did you know that?

Anyway, one can still use his time projections without conversions and they work!
Glad I read that....now I don't have to waste my time!

Chip
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