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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Eric P who wrote (14211)9/22/2001 3:35:54 PM
From: TraderAlan  Read Replies (1) of 18137
 
Eric,

<Gann Angles rely on geometric angles for support and resistance on a price chart>

That's a misconception. Gann Angles rely on the rise:run of a chart. It is associated with the 45 degree angle because Gann used a square piece of paper with an equal x and y-axis. Most charting packages with Gann let you set the rise:run to 1:1. The resulting lines adjust to this relationship although they will phase out of 45 degrees, depending on your screen view.

Alan
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