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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, 7 January 2012

OEX Megaphone top with Gann time symmetry


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11 comments:

  1. Rob7 January 2012 at 14:51

    CR, do you mind explaining the significance of the gann time cycles with respect to the current symmetry? Thanks!

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  2. Chartrambler7 January 2012 at 15:05

    Hi RS .2 ways of looking at it...first just treat time like price and look for a repeating range,50% retracement as you would with price.6 months is 505 retracement of the 12 month range amd 3 months is a repeating range (equal time) second gann said divide the year into fractions and watch for revesals.In practice 3,4,6,8,9 and 12 month cycles from any high or low are important to watch but all 1 month cycles have potential.Best setups come when 2 or more cycles from different tops (or bottoms ) are clustered,like with Jan 27-28 in the Aud which is 3 and 6 mnths from diferent highs.This is explained in "How to make profits in commodities" I think

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  3. Chartrambler7 January 2012 at 15:07

    505 should read 50%.

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  4. pebblewriter7 January 2012 at 15:14

    Nice chart, CR.

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  5. Chartrambler7 January 2012 at 15:29

    Thanks Pebblewriter .I am enjoying your crabs and bats too ! (quite new to me although I know about Gartleys)

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  6. Rob7 January 2012 at 15:33

    Thanks for that clear explanation, I'll have to check out Gann's book. So with the AUD and SPX cluster, does that imply that both could potentially be risk off until the end of their 1 month cycles until the end of January?

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  7. Rob7 January 2012 at 15:35

    Just saw your updated AUD chart, "ask and I shall receive." lol.
    As always keep up the great work!

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  8. valunvstr7 January 2012 at 15:55

    What's amazing is that the neck line has been broken (from the big H&S) yet everyone wants to focus on every other trend line so they can make their bear case. We are in an uptrend until at least until that neckline is taken out to the downside.

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  9. Chartrambler7 January 2012 at 22:29

    Well V the lines are clearly drawn here so we just need to be ready.Think the $ wquill be the key

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  10. Chartrambler7 January 2012 at 22:29

    thanks RS ,appreciated

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  11. Souljester8 January 2012 at 00:54

    Yay!!!

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