A speculation about the next move using Gann Square and approaching Gann Date of September 23.
Hopefully we may have finally completed an ABC move down and will continue with the upward trend started in early July.
The approaching Gann date will hopefully be a new high in this market since early July this year.
More about Gann dates and day counts below
''Mr. Gann followed this pattern to list February 5th, March 21st, May 6th, June 22, July 7th, August 8th, September 23rd and November 8th as seasonal times for a change in trend
Stocks make important changes of trend every 30, 60, , 120, 150, , 210, 240, , 330 and 360 days or degrees from any important top or bottom. These seasonal changes or monthly changes based on the beginning of any seasonal changes are important to watch for tops and bottoms.''
source: www.marketmasters.com.au/84.0.html
Hopefully we may have finally completed an ABC move down and will continue with the upward trend started in early July.
The approaching Gann date will hopefully be a new high in this market since early July this year.
More about Gann dates and day counts below
''Mr. Gann followed this pattern to list February 5th, March 21st, May 6th, June 22, July 7th, August 8th, September 23rd and November 8th as seasonal times for a change in trend
Stocks make important changes of trend every 30, 60, , 120, 150, , 210, 240, , 330 and 360 days or degrees from any important top or bottom. These seasonal changes or monthly changes based on the beginning of any seasonal changes are important to watch for tops and bottoms.''
source: www.marketmasters.com.au/84.0.html