As a follow-up to the Intel Corporation (INTC) post I made this morning, I have created a Gann fan starting at the price of zero from the date of the 2000 high. I have set the 1:1 angle to hit the high following the 2002 low - which occurred in November 2003. This chart is a excellent example of the law of price and time progressing in halves and doubles of the slope of the original angle.
Once a valid slope of price and time is found, subsequent moves of price and time will do one of three things:
- Follow that slope
- Move up to twice of that slope
- Move down to halve of that slope
My guess is this is Gann’s universally sought Master Time Factor that is the Holy Grail of price movement. This mysterious number has been searched for by thousands over the years. I would guess that some have found it and assumed that it was too simple to be useful. The thing is that halves and doubles are found throughout natures algorithms and used for non-chart related analysis on a daily basis. It works in music for octaves - but for some reason people expect something much more complicated for price movement.
On this INTC example, price moved off the 2003 high and came down to one-half of that slope. Price then based along that line for 12 months (52 weeks / 360 degrees). From that point price broke down again to one-half of the slope again to the 1:4 angle and has based for 26 months. The next move will take it down to the 1:8 angle or back up to the 1:2 angle. Nothing tells us which way it will go. But come on… isn’t that enough information to make money no matter which direction INTC eventually moves?
Tags: About · Gann Angle Fan · INTC · SlopeNo Comments

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