Sunday, 27 January 2013

SPX 240 from Jun 2012 low Dow 1800

Another Gann relationship to watch is the 240 point/240 degree squaring from the Jun 4 1266 low,which comes in this week.Wednesday is 240 days,240 degrees comes in on Fri/Sat I think .1506 would be the price level

For the Dow we could be looking at 1800 points/240 days. The low was 12101 so 13901 is the level.Fridays high was 13895.
the Russell low was 730,add 180 gives 910

Ftse low was 5230, add 1080 gives 6310.Ftse bottomed earlier,June 1st

These numbers are based on the circle of 360.
at

9 comments:

  1. Vinnie27 January 2013 at 18:08

    Jeffrey Cooper is a big proponent of Square of Gann.
    I just find it hard to reach out to these tangent tools to justify a correction. Trending Waves has been the only one correct on a long and medium term basis, it's uncanny. He just flip flopped back to bullish after yet another gain on the DOW. What is it that you all see since DOW 13,375 to now DOW 13,895 that keeps you saying "a correction any day now". I'm floored by the parabolic move, but it just keeps on moving. How do you stop all the World govt intervention? The artificial market support is endless so long as they don't run out of paper or ink.

    ReplyDelete
  2. Chartrambler27 January 2013 at 18:43

    I'm a big fan of Jeff although I'm using Gann in a slightly different way here.I don't disagree with what you say about 'World Government Intervention' but surely we have to keep applying TA if only to identify setups where price might reverse ? Not so long ago nobody believed Apple could fall but the Gann cycles I showed here did identify a sell setup quite close to the high. I also like the idea of scaling into short stocks/long precious metals as a less dangerous way of 'fighting the Fed'. thanks for your comment

    ReplyDelete
  3. 11k28 January 2013 at 08:22

    At some point the World Gov people will be tempted to pull the plug so they can profit on the short side too, or buy sth on the cheap, or to push some other agenda. See Jesse's Cafe Americain amongst others.

    Thx for keeping the site, Chartrambler!

    ReplyDelete
  4. Chartrambler28 January 2013 at 14:26

    Thanks 11k appreciate the support !

    ReplyDelete
  5. Anonymous28 January 2013 at 21:52

    Still trying to pick THE top using GANN, eh CR?
    LMAO!

    ReplyDelete
    Replies
    1. Chartrambler29 January 2013 at 12:23

      Yes Wags,still trying to identify low-risk setups,primarily but not exclusively using Gann.I think we get a top this week but we don't have a trigger to sell yet ( unless you count the island reversal on NDX) I do hope to see some positiive feedback from you in a couple of weeks time if the setup proves valid but I'm not holding my breath :-)

      Delete
    2. Chartrambler29 January 2013 at 12:25

      And even if it is correct it may not be THE top.It should be tradeable though.

      Delete
  6. Anonymous29 January 2013 at 00:09

    Great consistent useful information. Find the blog list you maintain very useful. Always grateful! Ian F Lemming

    ReplyDelete
  7. Chartrambler29 January 2013 at 12:11

    thanks Ian there,s actually a couple of new links I wanted to add when I sort out my pc problems.

    ReplyDelete