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1. the gann angles are NOT geometric angles.
2. what do you use for the price division to determine the direction of
this psuedo 45 degree line?
Lionel Issen
At 08:41 PM 8/24/97 +0000, Arthur Rivet wrote:
>Hi Gang..... A 45 degree angle drawn from a high or low was considered a
>Line of Death by Gann. If one drew a 45 degree line up from a low it should
>act as support. If prices went below the line they would keep on falling.
>Drawn from a high, it would act as resistance.....Lets first look at Gold,
>the XAU. from the low on 7/7 draw a 45 degree angle up. What do we
>see???.... Now ,on the IND,from the high on 8/7, draw a 315 degree line
>down.(360-45=315). See how the line acted as resistance this week.... Also,
>in reguards to gold, do a Fib study from the high at the end of Feb to the
>7/7 low. The 38% line is acting as support also.
>
>
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