Gann Master Cycle - Sept 9 2022
$DJIA, $SPX and $NasdaqCompx update
Introduction
Last week the DJIA fell right at an expected spot in Time and Price right on a timing line starting from an important low in the past. Drawing Gann Fan lines or timing lines from these important points in the past you will often see these lines may give support and resistance as you can see in below chart on the DJIA from 2018 to 2020, a change in trend can then be expected.
W.D. Gann wrote about this discovery of him in his Stock Market Course;
“This is one of the most important and valuable discoveries that I have ever made, and if you stick strictly to the rule, and always watch a stock when Price is squared by Time, or when Time and Price come together, you will be able to forecast the important change in trend with greater accuracy.” W.D. Gann. From: Stock Market Course
He once also mentioned:
“The ancient hunters had a rule that when they were searching to locate an animal in his den they always followed his tracks backwards, figuring this was the shortest route to his lair. The quickest way for you to learn how to determine future market movements is to study the past.” W.D. Gann. From: Stock Market Course
We have alerted our premium subscribers well in advance for this important price level in price and time and from which date this timing line originates. When a lot of traders were expecting a breakdown through these levels, we expected some resistance as Price and Time were in balance. Note: One can easily draw these timing lines using a $10 /calendar day price unit for the DJIA.
Of course these lines at some point can be broken and usually the stock or index will go to the next timing line from other important highs or lows.
The paid subscribers can read further from here on the above analysis in more detail and where we expect possible support in the next few weeks. In this post you also find the latest Gann Master Cycle dynamic updates for the DJIA, the S&P 500 and the Nasdaq Composite. We also updated the list of stocks from the S&P100 that may have a cyclical turn in the next few weeks.
Hypothetical or simulated performance based on past cycles have many limitations. Cycles can contract, extend and invert. Anomalies can occur. Hence, past performance is no guarantee for the future. No advice. Read our disclaimer.