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Strategies & Market Trends : Gann's cycles
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To: High Grader who wrote (122)11/28/2000 5:41:17 PM
From: Ken Adams  Read Replies (1) of 191
 
High,

I have the "Gann Made Easy" book. I bought it in '88 and worshiped it for a year or two. I even took the time to do a complete outline of the essentials so I could go back and review in depth. It comes with a full set of very large charts that were produced with GannTrader software (which I also have).

There is a lot of value here... provided you can dig it out. I had a big problem with it due to the fact that the author was (IMO) in far too big a hurry to get it on the market. It is riddled with misspellings, poor sentence structure and in a few places, sentences that make no sense whatsoever.

I have to confess I used to make my living writing about the stock market, so I'm probably more sensitive to this sort of thing. I believe McLaren is a very Gann wise fellow. It is my understanding that he lives in Australia and trades the US markets with a strict Gann approach (whatever that truly is).

Here's my bottom line with all this. Gann worked for me except when it didn't! So does my current simple TA approach! The big difference? I now spend many hours per week away from my computer and books and charts. In other words, I got a life <g>.

I've been flat the market for the past several weeks. But, give me a slight hint of a trend and I'll get right back to my short term swing and position trades, mix in a few options and start making trips to my bank again. All without Gann analysis.

Having said that, I have to say the 50% retracement concept Gann wrote quite a bit about is a great idea. I also have to point out that he didn't invent it.

Ken
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