It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Monday, 29 June 2015

some interesting Gann analysis from Jeff Cooper

"Caution is warranted because today is when the Gann Panic Window opens -- counting from the May 20th high.

This is a period of around 49 calendar days from high.

This is when the crash in 1929 began. Ditto 1987.

Many other waterfall declines of lesser magnitude followed this pattern.

There is an old saw that the market usually (not always) gives a graceful exit.

Our idealized cycle peak was April 27th.

I think the nominal new high into May 20th was likely that graceful exit."

No comments:

Post a Comment