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Strategies & Market Trends : Gann's cycles
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To: John Pitera who wrote (94)11/21/2000 6:29:56 AM
From: Patrick Slevin  Read Replies (2) of 191
 
Obviously I cannot read that.

Hard to imagine him doing this with a compass and a ruler. Even a draftboard with a fixed T-Square and triangles. That had to be his instrument. Have not even seen one of those since engineering school.

I have not read along far enough to understand how those arcs work. Are they centered around major Highs and Lows? Then I imagine they are considered "Channels" that provide Support and Resistance for the Price to ricochet off of or break through?

Then as well, the radius of each of the three red arcs is greater than the blue arcs. At first, it looked like the arc of the red was based on the reaction low in April around 1335. However, the blue does not go to the High in April around 1475. So Time steps in to dictate the spacing of the arc, I would imagine?

If enough people that understood as much as you do, more or less, this thread could be pretty good. It is too bad Ken lost interest in using Gann. I'll try to keep up if you want to continue with this once in awhile.

A few posts a week or so, whatever.

EDIT
Just noticed the red cycle from the October 1998 Low. That is not a Fib Progression, it's a 180 day cycle, no? I haven't stumbled on whether or not he used those cycles counting trading days or calendar days yet.
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