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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