It is worth relating Pierpont's words (Fri Aug 12 issue) about Reefton,
and then Marathon resources, to their respective charts, and then see if
it tells you anything. Good way to learn a few things.
Let's see how our dates are performing. From the April 16th email, where
the important dates to watch for changes in trend were listed for the
remainder of the year. I hope you can see that the monthly highs and
lows are generally on these dates. Dates you can calculate in advance.
Trading them is another matter though, and requires study. Our market is
not making mid point retracements whilst trending up - aka strong
market. Exceedingly bullish. Aug 23 is a reversal bar though, so down
for a few days off this.
JUM chart also attached, the dates for which we worked out in the
wednesday classes. These dates have also been the monthly highs and
lows. I think this is pretty amazing. Meanwhile the world wastes its
time fighting, instead of putting resources into such things as
discovering why the above dates might work, and how this could be taken
advantage of to improve lives.
Notice the overbalance on JBM. This stock has topped out for the time
being. If you had bought some time ago on the break, and held, now is
when you would take profit.
Well the above was written early last week, Aug 23, before I took a bit
of a break. The rest follows as of today:
For those who were part of the wednesday group, I asked you, as part of
your gann education, to count the days on your charts off highs and
lows, and in particular, to count off the SPI feb 24 low, and note that
the 90, 120 and 180 counts were most likely to be important days. After
today's action, (this time the cause was a hurricane bringing volatility
to markets) now you know why you count. (The feb low itself was 180
weeks from 9/11 - some days are themselves more important to count
from.) The market tells you in advance which days will be more volatile
than others. Are you counting ?
Last:
I have recently heard that the Playboy Playmate of the Month of May ‘05
wants to quit modeling to go into real estate. Could this be an indicator ?
Note too, the surge in US poker playing and gambling. As we go further
into the decade, the stakes will go higher, so too the jackpots and
numbers of people involved. Watch with interest. The real estate peak
should see a real surge in such things as this, though each peak has
always been just a little different to disguise the fact.
SPI Chart at Aug 23
