I’m updating some charts before the Saturday pilgrimage to see our local minor league baseball team and found something interesting with respect to my post last week on the long term DOW.
The second chart on the previous post used different slopes to generate the two Gann fans found below. Today, I changed the second fan to the identical slope of the first (53:1) and see that the October 2007 high was exactly at the 1:1 Gann angle. The move from 1987-1995 followed the 1:2 angle. There is symmetry everywhere in the markets but finding it isn’t always easy.
Previously, I had set the slope of the inside angle to the 2000 top. It is amazing how many geometries are available to help trading. Even people like me, who look for them every day, miss some obvious ones. Like baseball, we just gotta keep taking our cuts and making solid contact until the balls begin to miss the fielders and the hard work pays off…
Post Modified: July 26th, 2008 at 5:48 pm
Tags: Dow Jones Industrial Average · Gann Angle Fan · SlopeNo Comments
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