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Strategies & Market Trends : Gann's cycles

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To: High Grader who wrote (3)11/19/1998 1:43:00 AM
From: nicewatch   of 191
 
High Grader, I own one book by Gann, "How to make profits in commodities". He speaks in a very veiled language, imo. I have not made much trading sense out of the book. You hit the nail on the head about selling secret methods. Fortunately, most modern day Gann experts I come across also speak in a veiled language, so I guess all those great secrets are still going unnoticed!<g> I am unfamiliar with Gann's other work, but many make claims about his success as a speculator... or lack thereof. One thing... I think the tax laws re: speculation were changed during the depression, so even if Gann was a successful speculator, the fact is he shifted to course/book selling and newsletter writing, after the crash, to bring the bacon home. I would not call Gann stuff red herring... I just seriously question whether it's worth the effort. FWIW, talk to you later Regards, Frank
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