Gann's cycles Message Board

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Strategies & Market Trends : Gann's cycles

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To: nicewatch who wrote (24)	12/15/1998 9:45:00 PM
From: High Grader	Read Replies (1) of 191

One thing I do like is the so-called Gann pullback. It is referred to by various authors under their own particular names for it, but is the same thing. When you get three days in a row with lower lows or one of then an inside day, you place an order above the high of the first day and let the market take you in at one tick above that point. (the opposite for bear trends of course.) Robert Miner calls this a Gann reversal, Bill Williams calls it a thumb. Kraus calls it a Gann reversal I think and Larry Connors calls it a 1234 pattern reversal and only uses it along with other conditions on the adx. All Do the same thing and good old Gann invented it. He was right in quoting the Bible in regards to nothing new under the sun. I still feel that a lot of Gann's stuff was useable if used correctly as is any TA. It is not as good as a lot of the newer TA stuff that has been invented since then. I also feel Gann held back on his ultimate research and that is another story.

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