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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
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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


Saturday, 22 January 2011

Ftse square in time and price

The Ftse chart Gann cycle is working well so far.Gann said time and price both move in circles,which he measured using the number 360 as a circle is 360 degrees.When a price cycle meets a time cycle they are "square" and a trend change (or correction) occurs.Six months is half a year,or 360 degrees  and 1200 points is 1/3 of 3600,or 120 degrees.Effectively I knock off a zero and say the the Ftse moved from 480 to 600,a 25% move.At least that is one of the ways I interpret Gann.It is interesting that once time was up the market struggled for a few days but could not make much headway above 6000 ...the same thing has happened on the Gann square on TNA and is not uncommon...I look at it as a kind of false break in time and price that sucks buyers in at the top of the move.








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