Great discussion going on here... Richard "Did anyone look at them?"
Skeptic that I am, I put up the cardinal #, and read the little info I have on Gann, time permitting I also want to throw a few stocks prices in a cardinal cross spread sheet and see what happens.
But I also threw in random lines, and 3,6,9,12,15 lines and whole # lines and sometimes it reminds me of using a random flasher light show with music... it appears that some of the lights are in sync with the music... same for cycle lines...
being a tool guy, I am also skeptic of NOT tailoring an indicator for a given stock, time etc and tend to bend an ear to Lane as he points out to adjust the stochastic parameters. ie, count the bars between low,high,low cycles for several and average it out. then halve that number for the stoch parameter.
I am fascinated by it all and wish I had more time to study/test it. I appreciate everybody's input on this thread as it gives a good starting point for one's own study.
Have not given up on Gann but wish to study it further, especially when one as yourself uses it. The 3/21 8 day cycle was also an interesting one to put up, I threw up an 8,3,8 stoch and an 8,3 StochRSI also.
True, patterns and trendlines are subjective, but I will always argue that TA is subjective. Once your system is in place...the objectivity can start.
thanks for your ramblings
bsubjectivedog |
