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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (128904)	2/2/2006 2:13:15 PM
From: Galirayo	Read Replies (1) of 209892

Better watch what you say about cycles ... You don't want to attack your belief system. They are the Basis of E Wave as well as Gann Theory. Even flowers conform to Fib Numbers and Cycles. As well as the Stars and the Solar System. According to Gann's friend William Gilley, "One of the most astonishing calculations made by Mr. Gann was during last summer [1909] when he predicted that September Wheat would sell at $1.20. This meant that it must touch that figure before the end of the month of September. At twelve o'clock, Chicago time, on September 30th (the last day) the option was selling below $1.08, and it looked as though his prediction would not be fulfilled. Mr. Gann said, 'If it does not touch $1.20 by the close of the market it will prove that there is something wrong with my whole method of calculation. I do not care what the price is now, it must go there.' It is common history that September Wheat surprised the whole country by selling at $1.20 and no higher in the very last hour of trading, closing at that figure." acrotec.com

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