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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, 3 November 2012

Ftse Squaring price and time

My understanding of squaring price and time simply means looking for places where time and price are equal.EG if the market is up 100 points in 100 days.Gann said you could then look for a change in trend.I have used calendar time here though sometimes trading days work too.I have found you have to shift the decimal point in  the price integer sometimes so that here for instance the 5230 June low becomes 52.3. Price and time are not equal in these examples but a ratio of 1:2 is operative .(Could be looked at as second square of the range) Point 2 was a square of the low price,point 3 was a square of the range.
 For greater accuracy  you should use degrees rather than days (360 degrees =365 days)


Yesterday's high (if such it turns out to be) was 154 days from the June low.154 days is 151.8 degrees.The range from the March high to the June low was 759 points. 75.9x 2 = 151.8.

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