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Re: Gann lines. A newbie question, addressed to all you breakout kids. When you're buying at the top, don't the Gann lines make things look awfully iffy? Let's take a gander at Ganns with LXK, for example. All the criteria for BNNS are met (well, almost all -- we'll ignore TC2000's BOP and Money Stream, which are yeller). And even BNS looks good (CCI, MACD, Avg. Price,, Avg. Price 1). Why it's a TAINJ reveler's dream come true. But what about Gann: That's resistance at 32 and support just under 28, isn't it? How do you get around that? I know I'm missing the point here, because I know absolutely nothing about how to interpret (or even plot, for that matter) Gann lines properly, but can someone clarify things? Oh, the gar-gann-chewin' task of TA. Incidentally, a newbie who has attended one convention is a Newbie First Class. The privileges of a Newbie First Class have yet to be established, but they must involve Gann lines. |
