SP500 Gann Angle Review

Gann angles are a great tool to monitor the speed of the trend.

Since the March 2009 all trends that have extended out from a base along the up trend of the SP500 have moved higher along the 1x2 Gann Angle. This is uncanny and gives the trader a measuring stick to make trading decisions. Of course the market changes, but for now its working. Also the difference between a Gann Angle and a trend line is that a Gann angle needs only 1 point to draw from, whereas a trend line needs 2. The second point with a trend line can and does tend to float to find accuracy. 
 

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SPY


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Investing Quote...

.."It is not as important to buy as cheap as possible as it is to buy at the right time."..

Jesse Livermore

.."Money couldn't buy friends, but you got a better class of enemy"..

Spike Milligan

 

We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a ...

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Peter Rogers 4 years ago Contributor's comment
Spike Milligan - damn those were the days!