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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


Friday 9 July 2010

Which type of Gann angle to use ?


Usually with Gann angles they are based on trading days but the course I studied (David Bowden's) said you should also look at calendar days (which leave spaces for weekends and holidays).The result is quite different as on the trading days version we are still above the important 1x1 from the March low,on the calendar version this angle has been broken.If we reverse soon there will be a 3rd lower high.This setup produced a sharp decline on the Russell chart.

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