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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (10651)	7/1/1999 5:32:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

Ok, Now go to your favorite charting program that has horizonal line drawing capability and a way to save a template, like MSWIN. Or you can print out a large chart showing about 2-4 years daily price info. Now draw lines at 1, 2, 4, 6, 8, 11, 15, 19, 23, 28, 34, 40, 46, 53, 61, 69, 77, 86, 96, 106, 116, 127, 139, 151, 163, 176, 190. These are the Gann cardinal numbers, they act as major support and resistance. What do you think? Now take a chart of an index draw a vertical line every 8 bars from the closest trading day to march 21th. You can use the cycle lines study in many programs like Metastock. Does this call more changes in trend then you do? Just something to think about.