Hi Arthur, why you ol' fraud you ... how can you abandon worship at the alter of Metastock and suddenly become reborn as a Gann groupie with such gay abandon ... ??? lol
Viewed Yogi's chart as you suggested ... hmmm... the lower broken line/parallel red which it seems we are to align horizontally to get a price target seems dubious to my 'unGann eyes' ...
Reason: The price has not come within 'cooee' of that combo and with the chart all the way back to 1998 ... wot logic would have it suddenly reach for those levels now ???
If anything, I see an upward bias (the higher broken line ...) which seems to extend up to $28.55 ...
Given I crunched $28.55 ($28.568 to be precise) for 15/11/02 and Yogi was suggesting that 18/11/02 (only a weekend separates the two ...) last Wednesday (06/11/02) as a derivative profit level, it seems in fact I agree with Yogi ... the date is significant.
A lot has occurred since then and I am the first to concede that the Market is under influences driven by the men in black who have the power to move prices according to any whim or other ... so be it.
This is not unique and at these times, my experience is not to fight it ... but to be patient and after the 'big boys' have done playing, adjust my numbers and get back in there ...
Does this mean that you are now officially a card-carrying Gannite???
