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

To: nicewatch who wrote (73)	6/24/1999 9:06:00 PM
From: Jaime H. Ayalde	Read Replies (1) \| Respond to of 191

Hi Frank, This is an Art! I think technical analysis should be used with other "arts". Gann and Elliott are a powerful combo. The Arts are divided into two Camps. The New (computer based technical analysis RSI being the No1 tool) and The Old.( Gann Elliot & Point & figure) Using one to support the other increases probabilities. We should have started a 3rd wave and the RULE is that 3rds are NEVER the shortest wave. 3rds are the most powerful. (Occilator numbers will reach new extremes.( measured in Stochastics, Relative strength, Williams % ) These are contrary indicators and never used in trending markets. The Rule states (Elliot) that this down draft will be at Minimum 700 points. It follows that 10,200 will be breached on this leg. I suspect by August you will have the overbalancing confirmation. Time will tell, Regards, Jaime