Damn, I should have started reading in chronological order. By the way, does anyone know who in history is considered the first technical analyst? And who invented the bar chart? A history book of technical analysis would be so cool... Rumor has it that Cook was plotting the moving average of pineapple prices before he got whacked. FYI, Cook was an amazing navigator - he lost very few men because he served fresh fruit and vegetables on his ships and cut back on the booze.
I completely agree. Even though, it is very esoteric, if you can't answer the questions above, especially the matter of the term "equivalent" you shouldn't be "arguing" or "commenting" with darkhorse with this matter. One matter I want to ask all the Gann guys is what is "equivalent". Don't give me all the Gann said this and Gann said that or he used this. Cyclically, a hint would be the rational relationship in a composite cycle based on periodicity and summational amplitude. Take that further into the natural, or dynamical proportions (read about dynamic symmetry, if you don't know), find the harmonic relationship between them and you'll find the dynamic "equivalent" summational and periodic relationship. The eye is very deceitful and also, darkhorse has some great points and thanks for thoughtful posts. PS. Post is intended for Gann people so I'm using all that dynamic and harmonic terms.... sorry all...
Okay, fair enough. Gallieo's principle of equivalence states that inertial mass equals gravitational mass which causes a particle to travel in a definite curve. REGARDLESS OF MASS OR COMPOSITION. In other words, a thing set in motion will not travel in a straight line in terms of acceleration and velocity, because of gravity, or inertia as a function of time. In still other words, bars have inertia as a function of time, and mass as a function of price. This means that price travels in a parabola. Two parabolas put together would be an ellipse. An ellipse with an eccentricity of zero would be a CIRCLE. The angles in a circle can be represented within a SQUARE. Now about the eyes, the eyes do cause real time illusions, which is one reason why studies should not be plotted in blue, and the numerical location of trendline should be known, rather than just the visual representation of such line. As I explained earlier, if the initial parameters of the measurement of that line remains the same, then the line is a stable numerical representation of where price may stop and reverse. Meaning if a 2 x 2 square remains such, and is not distorted into a 3 x 1 or a 1 x 3 rectangle, then the Gann angles will work just fine. Awaiting any further questions.
A question: Galileo says a moving motion doesn't move in a straight line... Gann Angles move in a straight line... Then what is the significance of angles? Slope? Vector? Radian? Degree? Grads? Sine? Tangents?
Slope, vector and degrees are all relevant. Particularly degrees. Degrees are what connect the circle to the square. For exmaple, 45 degrees represent the quarter cycle on a circle. Slope and vector can used to measure momentum and distance travelled, which are relevant in determining how much energy is the system(move) in question in relation to other systems.
Hello Oddi et al. Really couldnt help commenting - Using standard support resistance calcs I get the following for Monday's SP... 915.8 R2 912.2 R1 907.6 PIVOT 904 S1 899 S2 with possible congestion, as usual, around the 908-ish Close, 911-ish High, and 903-ish Low. Personally wont probably be trading, even though it seems to be an NR4 short day coming up... My question is - What does your Gann analysis / Murray MAth etc suggest for Monday? How do they compare? Are you actually just talking about another way of calculating standard numbers?
Mine have a slight slope to them. If you think about it, the square root of 900 is a larger number than the sqaure root of 800, so when you consrtuct the squares, they really aren't squares at all, and the sides of the "square" are not at 90 degree angles, espeically on daily charts.
Whenever I hear about "murrey math" I picture Barney the Purple Dinosaur teaching it..... Turn up your sound for this one: http://www.geocities.com/Heartland/7273/tom10.html
I am not sure exactly how they compare, as I am not sure what you are doing. My analysis of the S&P is telling me that the index is severely overbought short term. I would be thinking about shorting this at 908.80. My exit target is 898.44 and then 890.63
Well, your fixation on Barney needs attention from a therapist. The rest of us seem to be interested in profits. Feel free to chime in with a question that shows signs of brain activity on your part at any time.