This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Wednesday, 17 November 2010
Bullseye !
Looks like the Gann square may have nailed this one ! Better not speak too soon but looking promising for bears at last,especially with the big confirming move in the Vix
Not really.Best guess is the 50%-62.5% retracement of the square,both time and price,but all divisions need to be considered.You need to be alert if price gets to say 45 days and 900 points down on the same day and see if support comes in.Watch the angles to determine strength or weakness within the new square
Does the Gann Square give you a downside target?
ReplyDeleteNot really.Best guess is the 50%-62.5% retracement of the square,both time and price,but all divisions need to be considered.You need to be alert if price gets to say 45 days and 900 points down on the same day and see if support comes in.Watch the angles to determine strength or weakness within the new square
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