We have been asleep guys, asleep. Our job in life is to find a trend,
any trend, and get on it. This is like trying to identify beauty really;
hard to describe but instantly recognizable when seen. And when you do
see it - a trend that is - here is what you do with it; measure the
first range out, against the prior trend. And there have been plenty of
trends I would have liked to have measured lately...
See the bond chart. Gentlemen prefer bonds I'd say.
Bonds Weekly - PDF
Bonds Daily - PDF
I have shown mostly price work, there is plenty more time wise that
complemented price. See the oil and gold charts.
Oil - PDF
Gold - PDF
They all do the same thing. At mid points and repeat runs, you will be
able to forecast the future turn of events, minor or major depending on
the larger or smaller range, simply by knowing that the relevant market
you watch will change trend at these mathematical points. Trade
accordingly with the impending trend change. Or, what's wrong with just
taking an appropriate option trade at these larger range repeat runs or
significant mid points? What's more, one does not require extensive
hand drawn monthly charts or angles to get these points, that refinement
can come later. You just need the data for the software to draw the charts.
And for more showing the importance of mid points, in case you ever
doubted it, see the Dow chart - PDF. (2001 example) .gif
Some quick rough and ready workings on the Euro included also.
Euro - PDF
(edited for non subscribers here)
On to some general comments:
Great to see Mike Moore honored recently for his bowling for Columbine
documentary. This is a must see film.
The British Ministry of Defense spoke recently about the 'rhythm of
war'. I found that an interesting phrase to have been used. The rhythm
will be there and the charts will show you how to spot it. You will find
that war machines take their breathers, i.e. troops replenished military
re-supplied, etc. mostly between the Gann dates. The fighting then
builds up and emotions peak on the Gann dates which you can work out
from past major market highs and lows, as I have shown you how to
calculate. How about we watch and see what happens this war, to see if
this indeed occurs.
Apparently, the last gulf war ran 42/43 days. As we noted before, 45
days from the start of this one takes us to May 5, a date to watch
especially in my view. The next Gann date that I watch for is April 4th.
As the turn of events have it this time, it is a Friday. Friday is
prayer and mosque day around the Middle East, enabling the Imams and
Mullahs to inflame already high passions. Expect very high emotions next
weekend all round the world probably, but especially in Arab lands I