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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


Wednesday, 4 July 2012

Dax Gann angles

I changed the scaling on the angles and it seems to fit better (had 10 pts before,these are 1,).Thus a 2x1 that would have been a 20x1 is now a 16x1.Gann said to use scale of 1 but with higher priced indices than in his day I thought 10 (or maybe 100 on, say the Nikkei) would be the equivalent) Any thoughts on this welcome ! Will continue to monitor which works best. I didnt show volume but we had negative divergence with price on the rally.Often when angles cross this marks a turn and we have 3 crossing here. I have marked in the 1 year cycle


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