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

To: nicewatch who wrote (24)	12/15/1998 9:45:00 PM
From: High Grader	Read Replies (1) \| Respond to 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.

To: nicewatch who wrote (24)	12/17/1998 9:09:00 PM
From: Gale A. Thompson	Read Replies (3) \| Respond to of 191

Hi Frank, "What are the very few books that you have found to be clear and or concise?" A well written Gann book is an oxymoron. However, I do believe "45 Years On Wall Street" by Gann to be a pretty straightforward book and easy enough to follow. It isn't going to contain the grail, but it does offer several helpful techniques. I have read the Cowan's, the Gilmore's and own Gann Stock's course. I also have read Bill McLaren's book, "Gann Made Easy". It is a very good book, but it does not make Gann easy. As far as its (Gann) worth, beauty lies in the eyes of the beholder. For me, Gann is the only way to go. Indicators are always after the fact and monitor the price. Not that they can't be effective, but line studies seem to work better for me. Gann takes a great deal of time and patience. It is not the sort of thing that lends itself to writing software scans. However, if one spends the time to learn some of the Gann techniques, I believe these techniques carry over well into whatever TA preference you currently use. -- Gt --