Wednesday, 10 May 2017

Dow Gann Angle Update

Look away every thing is normal, the market is not going to crash (ya hope)!

A great feature of Gann Angles is that you draw from only one point on the chart and not two points like trend lines. This allows the chart reader to review units of time to units of price, which is excellent for comparing charts. Dow Jones Industrial price has returned to the master Gann Angle trend after a 12% or so correction last year, holding the solid red line (GANN 1x1 or 45 degrees) will be critical.


The rather fast recovery since the US elections should remind chart readers of the pattern below, no chart is immune. Maybe the sell in May and run away should be considered.


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