Monday, November 15, 2010 8:33:01 AM
SPX GANNALYSIS:
A Gann Fan starting at the Mar 2009 low was constructed to fit the stringent requirements of this figure, where the 1x1 time/price line has m =1 (i.e. a slope of 45 degrees). Interestingly, the price bounced after hitting this line at the end of Aug 2010.
Since 1x2 and 2x1 are too far apart, intermediate lines were generated for the sector defined by 1x1and 1x2: H(i), where increments i=n/16, and n=1,2,3...16.
Although artificial, some of these lines appear to be well integrated in the price evolution landscape.
.GIF)
A Gann Fan starting at the Mar 2009 low was constructed to fit the stringent requirements of this figure, where the 1x1 time/price line has m =1 (i.e. a slope of 45 degrees). Interestingly, the price bounced after hitting this line at the end of Aug 2010.
Since 1x2 and 2x1 are too far apart, intermediate lines were generated for the sector defined by 1x1and 1x2: H(i), where increments i=n/16, and n=1,2,3...16.
Although artificial, some of these lines appear to be well integrated in the price evolution landscape.
.GIF)
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