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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: SteelBlueIce who wrote (599)	4/3/1997 10:25:00 PM
From: Gale A. Thompson	of 3325

Hi Jerry... I know you would rather draw those lines than indicate, so I thought I would "bounce" this question off of you. It has to do with Gann fans. Yes, I'm like a kid with a new. I llike them now as much as Fib, but after "speaking" with Richard, I get the feeling there is much that MS leaves out. I'm still a GET wanna-be... Anyway.., if I put a fib retracement on a chart, then put up the Gann fans. There is a point where the fan lines intersect the top of the Fib retracement line. If I draw a vertical line on each of those intersections, these lines seem more times than not, pass through the chart at key points (peaks or valley's. Also, if I draw a horizontal line where the fan lines intersect the right side, I get very good support lines for the charts. I got this idea from a chart on one of the web pages. I guess I'm wondering if this is an accepted use of the Gann fan? Thanks, -- Gt --

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