Still looking for a few more reasons why friday could have been it ????
Friday saw the ASX/SP200 index close down 360 points at 3960. Followers of Gann technical analysis may like to look into the interpretation of the significance of both those figures, 360 being the degrees in a circle and 3960 close to the number 3969 (derived by the multiplication of 63 by itself). 3960 is also divisible by 360, which itself is the most significant Gann number. It might sound like mumbo jumbo to a lot of people, myself included, as Gann is one of the hardest arts of technical analysis to apply, but when you notice number patterns it is sometimes worth investigation. Another Gann number 240 (2/3 of a circle) is the number of trading days today from our record high last November on the Aussie market.
Another important Gann number came up with the US market on the weekend marking 1 year exactly since this downtrend started. In Gann terms 1 year = 360 degrees of a circle.
Still not convinced sorry :((((
Happy to trade though :))))
monday trading, page-164
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,099.9 |
Change
24.200(0.30%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,075.7 | 8,143.6 | 8,075.7 |
| XJO (ASX) Chart |