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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

Sunday, 16 December 2012

was Wednesday a maor pivot ? Just playing around with numbers but if we fall 144 from 1438 you get 1294. If we fall 180 from 1474 you get 1294. 1296 is the square of 36
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5 comments:

  1. chetas17 December 2012 at 06:09

    Hi!

    regularly following your post for few months now, I really like your blog, thankyou very much..

    had a doubt, having crossed 38*38= 1444, so next is 39*39=1521, so 1521 -180= 1341.

    The Nov 16 bottom was 1343, very close to 1341, so can we say we will now target 1521 once 1444 is taken out. Is this logic correct? please guide

    ReplyDelete
    Replies
    1. Chartrambler17 December 2012 at 22:55

      Hi Chetas,thanks and glad you enoy the blog.All I was doing was noting a confluence - 2 ranges that are gann nos. and a square,which I thought would be a likely support area should we go down.As regards using squares that is really square of 9 analysis and is a whole subject too long for an explanation here,and not sure im qualified !

      Delete
    2. Chartrambler17 December 2012 at 22:59

      you need to look at a gann wheel ,see where 1343 is and then derive resistance levels from that eg 180*, 360* etc 1493 is 360* (take sq root,add 2 and resquare if you dont have a Gann wheel)

      Delete
  2. Chartrambler17 December 2012 at 23:00

    I know Jeff Cooper is selling Gann wheels,I dk if he supplies a manual explaining how to use them.He is on Twitter and is at Minyanville

    ReplyDelete
  3. chetas18 December 2012 at 13:25

    Thank you for the explanation,

    ReplyDelete

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