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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (2497)	12/21/1998 8:58:00 PM
From: John Pitera	Read Replies (3) \| Respond to of 99985

Bobby, I like your line of thinking on looking at the AOL chart upside down as 2 of the most sophisticated technical market traders that I know in New York pointed the concept of markets making mirror inverse images of a prior price move. here is an example that I pointed out to Rob Hitt 38.209.4.67 As you notice the price forms a symmetrical pattern pivoting around a price equilibium point which also coincided with the IMPORTANT GANN TIME REVERSAL point: the AUTUMNAL EQUINOX. TODAY IS ANOTHER IMPORTANT GANN TIME TURNING POINT; as it is the winter solstice. W D Gann often found the 2 solstices and the 2 equinox's to be time pivot points. Very infrequently, 10% of the time they would act as an accelerator of the price trend in place, but other larger cycles would have to dictate this for it to occur. Best Regards, John