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Please, what I tell you and what I show you
is true.
This weekend I have been working on a new
indicator that
is designed to draw Gann trend lines and
fan lines.
One problem with using Gann angles on long
term data has
to do with scaling the data so that angles
at one time and
price relate to angles at other times and
prices.
What I was doing was trying to solve this
riddle and in
the process I setup the screen you see with
data from
1921 to 1931 and another view from 1991 to
2001 (current).
Once I got the scaling thing solved I had
the trendlines
that are show on the attachment drawn using
exactly the
same degrees and channel
width.
I was amazed at the timing of when THIS
VERY LONG TERM
TREND broke below the Gann Trendline in
both cases.
I make no predictions based on this but it
sure as hell
is worth taking a long hard
look.
Clyde
- - - - - - - - - - - - - - - - - - - -
- - - - - - - -Clyde Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
- - - - - - - - - - - - - - - - - - - - - - -
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