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Strategies & Market Trends : Gann's cycles -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (86)	11/20/2000 3:33:53 PM
From: Ken Adams	Read Replies (2) \| Respond to of 191

Interesting stuff! I have to say that I've spent years with Gann studies. Have all his books, the Marisch book, the McLaren book called "Gann Made Easy" (which it isn't) and a few others. I also have two versions (not the very latest) of GannTrader software. These are heavy duty programs that will do virtually all the things Gann talked about in his courses (one on stocks, one on commodities). I also attended a weekend seminar several years ago put on by Phyllis Kahn (mentioned in some of the earlier posts here). Net result? I gave it all up and went back to simple TA. I think there is just too many differences between today's market and Gann's time. In the first place, he died in June 1955, never seeing the DJIA reach 500. It opened that year near 400 and didn't rise 100 points all year! As I type this, the industrials are down 110 points on the day! Many of his studies were based on moves in eighths. A big spread back then, but a mere blink today. I wouldn't say his concepts don't work today, but it would be difficult to find many who are successfully using them. I'd be remiss if I didn't point out, last I heard, Bill McLaren was living in Australia, trading the US markets with a strict Gann approach. A close friend attended a seminar with McLaren, Peter Pich (author of the GannTrader Software) and a couple others about a year ago. He came away very impressed. In fact, I'd have to say my friend is the most Gann knowledgeable fellow I've ever come across, and he rarely trades anymore. All the above FWIW. Ken

To: John Pitera who wrote (86)	11/20/2000 7:21:37 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 191

Yes, the fellow's name was Jones and the Publishing company was Lambert-Gann, I believe. Let us try a Yahoo search for a moment.... that was easy enough, wdgann.com I think one of these was the course, wdgann.com wdgann.com Now that we have found the site I'm going to go peruse it for a bit. Catch you later.