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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (14215)	9/22/2001 4:16:52 PM
From: Eric P	Read Replies (1) \| Respond to of 18137

Gann Angles rely on the rise:run of a chart. It is associated with the 45 degree angle because Gann used a square piece of paper with an equal x and y-axis. Most charting packages with Gann let you set the rise:run to 1:1. Does this mean that the rise (vertical axis) is always displayed only in $1 increments per box? Also, does this imply that the run (horizontal axis) is only used on a daily axis? I doubt the various Gann packages are consistent on how they display data. Also, I've argued this point with a Gann follower on their own direct access software and shown how the Gann angles drawn on his software are totally different depending on the timeframe displayed. Seeing this for himself, he no longer uses Gann stuff. -Eric