The market has failed several times in the Gann target zone we identified a few weeks ago.We may have a LH forming,Gann's "safest place to sell" I have reposted the the targets posts beneath the chart.High (so far) is 13055.
Monday, 6 February 2012
More on the Dow targets
12960 is 36 x 360,which is also close to our 13029 target.12996 is square of 114
12998 is 14198 -1200 (1/3 of circle of 3600)
1800 points (half the circle of 3600) is 13031 from 11231 low
Sunday, 5 February 2012
Gann resistance levels for the Dow
Possible target for the Dow...top could be around 130006470x2 = 12940
repeat of 1879 range = 13112
Gann 25% plus 10430 low = 13037
ave price of 3 Gann targets 13029
We are 35 months from the low ,same as happened after the 1934 low when the market also doubled before resuming the bear market for 7 years
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