William D Gann Technical Analysis Made Truly Understandable
For the past decade or so there have been a number of books claiming to make understanding Gann easy. Most investors we have spoken to are of the opinion that these books failed to reach such a lofty but laudable objective. We are of the same opinion. The books we have read have certainly not been easy to follow and in many instances Gann's techniques have been mixed up with other less powerful methods of analysis which have watered down the effect of Gann's genius.
These series of W D Gann lessons will introduce students to this simplified approach which will transform the beginner or even seasoned trader into a profitable trading machine within a matter of months. The method can be profitably applied to all of the worlds speculative markets.
ANGLES FROM LOWS
Gann Angles are trend lines or lines of resistance which take both time and price into account.
They are drawn from important tops and bottoms and can be applied on long term monthly and weekly graphs and short term daily graphs. An Angle taken from a bottom which occurred many years ago can be very relevant to the current price action.
If a Gann Angle is broken on the upside, then higher prices are indicated.
If the Gann Angle is broken on the downside, then lower prices are indicated.
In November of last year I concentrated upon the need to have the courage to sit tight and pointed out the temptations of being drawn into the markets as they reached their tops.
As far back as January 2013 I had established a huge amount of resistance to any further progress in the 6800 area. (See chart under dated 29th January 2013)