“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Monday 7 January 2013

GANN WHEEL UPDATES

I have been tracking the Gann Wheel since June 4th low 2012 and so far this is what I got.

0     degrees - June 4th Support
45   degrees - July 19th Resistance
90   degrees - Sept 4th Support
120 degrees - Oct 5th Resistance
135 degrees - Oct 18th Resistance
180 degrees - Dec 4th Support
225 degrees - Jan 18th (              ) R
240 degrees - Feb 3rd (              ) R
270 degrees - Mar 5th (              )S
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144 degrees - Oct 28th ( Hurricane Sandy markets was closed)
216 degrees - Jan 9th  (              ) NA



The above Support / Resistance level has worked out so far with Jan 18th, Feb 3, and March 5th still to come. Beside the Black brackets are R's or S's and its what I'm expecting it to be when we arrive at those dates.  I have noticed in the past the square or triangle are opposite each other when it comes to Support and Resistance.
The method of this is that if you "START" with a support then the Square becomes support points S - (0, 90, 180, 270) and Triangle becomes resistance point R - (120, 240).

I have not yet labelled the 144 degrees and 216 degrees as it is outside both triangle and square so this is something to watch for.  The 144 degree did not show a support or resistance of sort when Sandy wreaked HAVOC on the EAST coast.

I have labelled the following DOW chart with RED AND GREEN Arrows to show the SUPPORT and RESISTANCE dates based on the GANN wheel above while the Purple vertical lines are undecided points.  The dotted lines are still to be determined.

If anyone has any opinion please don't hesitate to post... Would love your comments.


2 comments:

  1. Really interesting work MP!

    ReplyDelete
  2. Thanks Platy,

    I have made a few more wheel calculations based on other highs and low particularly the May 1 2012 high and April 10 2012 Low. I will post the chart later.

    ReplyDelete