w.d.gann - the basis of my forecasting method

8/3/2019 W.D.gann - The Basis of My Forecasting Method

1/12

W ....l..L S'jJ"'lJ",j~,CTSi!'O ....t{ ;S~I~z~';ronN''I'W UlfO,':'K ' ' ' ' ~ t < D O~To;""'I'~,1\

.t"!:Q:W 'iji',) M,ia.~fll lJOi'iI1J~if'I:tr"llN! COMI~Dw..I.T.IIIIIIi, W. D. GANN82 WALL. .S'l!RE'E'TN' IOiw Vo:FU(5, N.:v,

t f : i a . t h~HmatiCD 1~ t no onl.y exc et a d.ane',e. AU 'Power unc:lQ'f ~HiI~v~n otItld 01'1.~Huthiii qi . 'YGn urn't ,o- th!l!' m ~O \ .....:1:\01rno.::Itcn;:: the, ~imple, sci,e nc1 t! ,e ,t. nt(lth~mQtic~. E : m . ( ! ; l " ' !j. (.HiI,5Q id:' "GDdi doe:; Lnde ed ge ome,tr i~'e. ,,, M,ot -he", . ""he r r \ < . 1 ; r 1 1 , .~.attl: "'l'he,Ttl ie nQUd,;rLgin ttiJoe Iln!:.ver.~e but mat.liemQtic.'Cll PQ~fit~, II PythagO:tQ,5, ene tit the gnQte~t JiI1;Qt!HI~mat :i.cian 5 tJlLat &ViijT ll'ii'od.. aftar eKIIl"' ifl'i~!'Lt .it'llg wUh n~m~e:r$ 'Qn~ flnd$.nQ theproof~ of nil no.tul"'Ql hn"rll,,j said: ! l iB,@ior'e God. ""'M : 1' r 1 . um : b< i; !l " S . !1 He bliJ1l9'1'ed th:atH~~ vi l5,,; 'o.t ion of ntiinbe!i. '! ;! C : ~ trnoai'ke ,t .l1I\ov-emerlt~. T'h0 ru.t ura ~ iii bu,t Cl . it{)p'lJt.i t ionDfth~ 'pCl~t. TI!L(n:,,~10 !'IoUd""(1 now. A!I:l thE'! tUble ll leo:rn ish"' .... te make chQ rt a C"or.T.'!ct1y' b~cQus. e if you. m.o.k~ ,One!"~o:r in the 'c:hQrt~ you 'w i 11 make 'In sr.ror- in a.pplv,ing the :I."'uie, to your tro.d.!.n9.


2/12

I IJ IKII~IJI IRIIDtTII I70+ DVDls FOR SALE & EXCHANGE

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Contactsandrex][email protected] rex]oIbrv@]!pndex.ru

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3/12

Y 'B Jt.R LYC 1LA lt E .~ Y o u ,.! J;h o u ld lcco~ u YOfll.ly hiGh. n n d llO 'll(,ohliWt.,,:tha:t is, r6oQ:rd ln~- .-0ZZ ;. -_- &Etii t,hi!3 e,xtrtlme. l'ClW an.d thJ~ ~Jxtr'etiVJ hi,gh pl:i,o 0 made dUl'!ling t.h;eO.ll.l~iD,j"a;l- y{l~l" il;)n. on e lino.. Xh,e spa,o,i"fi.!; f!Or thoe -pri;jiJ'C!. cau. be lili1ledl 'oVJ;~point toe ~C:h lie i'n.ch er two ;point s or m.or;o ,e: .c~ Ql'dill. g : - b o . . th@ ;act i'Vi ty and. l"p;n.~,e Q,fthestoQ;k.,MOUta:L't (lli,!B':{': Y'lf!i,ll,mu.:st; a.1W\a.ys kllle!l up s. )l1.Onthly hi ;,h .flIl;d. l'ow eh:art. whiel. i$tbo most- ir.nportilitl.t cho.:rt ,of all -in det-a:rminillg t,hGll1!llI,in t..'w.nt!'.'.rhi Iii o : h . I! I. : t . . .r e a " O , r ,. ,d S the ,ext. l Z O r n e h,lP-.,.':,.00'l i;~ , ~xt'~Omti.1QW,price'f, ~'!r thtii .eu.leon~ril.~m.onth~n one l:l:n,e'j,e.ndeo.cbBp~~ O J : , " 1/8 :l:rlch ' 0 1 1 0 . the c::r:Qs2-s.e,ot1in oh.~rt p.atp'.!1lr~'h.ouldrepr Q I : : ; I ~n.t o~.\t)point or ; i l l L po r BliIQ,r.G! WEEK LY CR 1t:R :T ': !I:hen .e::c t an d One oith~ ' V ' O . r y 1m,p,ol" t \n1 ; oi'i."1'0 tll.koth o oxtr[).Il1i;G i ,oW' : ! ' tl : D ; : " t,h@ 1; ' IOQk mUI the o.x~tr'eltlm hi~ .tor t.heweek and. di.~d,e by .2~g;et'ti'~~. the hfLlr . -v ,ny or m{l.an,point rO,tthe wBIek. . This: eunbe' r(lOordeo. o n th~ i'lO~kl:Y' h,igb ro:r.d 'lowch.o.rt o ;r o u - (Ie sepo:rs; t,e,cn.lll"t! reoord.in.1; the Wa!}kly M01li:ng.-Ave;n:'ri'J.f!li(l with, a .. dQtm.d ;u ' ,s:m.g Ql'I:O line on. theanan .for G~h .W.Ei.e'k~ ll.Oij;lorl,f);n.(i!$ of' t.hia; Weo~k:ly MpAA ' :Poin ' !; ; ' ' l 'i i 'i l l l;r~ s;x:J?lo: li .no .d. le.telJ.J!tL :r ",,~ l!J.R T~ V lh en y ott l"l"tltrnd-it:l@; :in astoek tJ1Sithao"i~,. yo u sH ou ld. t:i..lw ay:s

k O , @ i l ' u p ~ d L e . i ly hie;;h. u nq l o o t c .h.a,j ;t ~.- l:J~ ;:( '0 .1" si;;'Udy J;lur i ; l0.Ms it 1 , . 1 ' :Gnou~. 1 ; , , 0 , ~pup th e Vi'@~kly W'ld' ~.:on. thly Ch:rllrts ~ ' 1r h :ic h gb.r e; yOT\1 thil ;m,ain , i ;a;,on:d. 'th !i l Dc . : "i ly {lha~t p h o O W 5 th.emin.oi' tre'l'Ld ~d shot;s .6 . o'han&e.' in trona m U o h 'Oft.anal"than: W ' l, y Q t: thE:! ,other eho.rt e , bl,l;t th~ind.:t C:D o t i(ltt. d 00 a not' 1a.st n.s 10...~ Dr rtlU IIIofar.. Th:l. i> chlil..rl :shofltld; 00 kept-upthO' .~t.m.t'I Q.S t Q Qtho :rti .... 0;';:';;' IOpt . . . r n . , u 3tI)C ks &:r ~s,r(I,lling: lH:'llcw .1500Qr wh~ th!li,Y tI.:re in an ino.ctivo trfl,di-nflj 'l'@,g~- thonthospo:cingshQ1liild. bu,l/2'-llOiu-t 'to ench l/S-inch. ~nt;h9'ohl;l,rt pa.PQl'. o.llowing two SPlleO:'J ;;'.0t'Oi]?r!l);80lti,t en o tiltH j#Qinto' l:" $1 per shar o , 1 'f1 ;l.o n .s :bo o b i;.~eMtin Mdt M'~I!l!'l.Gitl~."iI'Cll:'Y' .tn :st ~ l ' I ' ! a l d . n ! ' 1 ; D ~id~" rango 6 ac h d!~y~ 'bhon YQUG an ma:lrm tno D.IJ ,1 i; '1 "Gh.a t" t the;S.OillrIeoCI"S tho W~okly '0'1" Mon.t:hly I that i!j1';o u~:ing On.0 po1'nt t'Ot : a.o .ch 1/6 -i :'O .ah Ion th0chart po..por,. 'fhi!> ~pl4;;.!'O.g ~\lIts thl;!CA!lI.rt d~ and ke'O'psit in (l; !'!Xo.'go wooro it s ~asy to aee W "I;rl 1"'000 whQr. ! f'h~tu~tir1'n~ VLl"1llw:td().

'No spn .OOS (1.1"00 s.kippod. on. '1::110Daily Ch!l.l" fm c holi,d.c..ys -O r .8\l1r\i:lnyu, therefOrethO' tim.o p()l'i,odl. ie j~or o.otuc.l. mn.rk:~t d . .. ..S' c.nd. n.ot oa.JLen.d.nr days. Howov,.: i r". you~h~~ld Clo,r:ry tho CQ'!Lond!.(l,.l' doys ~lo'n~ at loa,:s:t 'OVi3ry 'tW'O w,e'(i.ktl, M lator .;. lIl!lo.,e:r.rul~s t - o r ;;[':1moPolod s 1'0 r~h~.Le in tr-~nd , if'ocl;l.wi 11 tindth Q , t i.t it n.oc es:~0 ! . r : Yt.o, c hoc k 'U p ~d mo\'l' When tho s;:' cc k i~ 300~ BOo ;80. 1 O O ~ . l:SS J Qt.c. d.::I:y$ fr'!;iln c. t.O]?


4/12

a 1" a. batt om. vJhio h 'IinO::.n!J, e ~ l,.onQ1!.'!,:rd t\Y'S" tho o:t.:;.~C't llUl r.lii... ;rQ:mQn:to f ':rimo .fa 1" t. t Ido.i ly chari;;.. O,rton tho Do. ,Uy Ohtlli:J!.i en. .(lc't;uo.l d(!:.ily' Il'lovem.~ts ' O O ' I D C : : >. : ! O out on (':n,axact: mnthemo.ticul ~g,l{il oftiroo ~r.o,o.su:r0m'~rlt a'b t:h.0 s di:l!,.Otim!l tn.!) c::tl.mdnr ,d~gcOiIm out on o~,c.Gt til'(lomel;l.~i.U'om~ntl! tnnld .n .e ; it 11doUbly impoT'hncc l?l)int l ' o rc .ho.ng 'o1.n t. ond , . .

GIDO:ME"fRICAL J .J fGLES.... ~ ,i!i1.,..J~:iI .., """" .. ' - , iI. ! I' ! ..... pI "!! "! of! I .., +

Arter loJ1!.~,yoo.l'~ at' pl-t\ctical experitilnco!'l hevl); d.bcoy,el'~d that Ge,ometricce..l..An~1*.5 me:i. \ .sUl"e I1J.lC:cu:rrltelySps..ooijlinuli j VohlJlie an d Pr_ ice.Mo.th.G]JUl.tio~. iB, th0 on.ly- e1:1tfi.Ct 50ie;M'~ ~ f J . , s I h.~V'f;l,s~id b.efQ;r,e,~ l!krery nat:i..ohen the face of th~ eo.r!:;'b c.g,reI3S that 2 . ond 2 'make 41. no )lia.t-te:t. what lWlg'J.:C-S'0it 'spe uks . reb a.ll ot.h(l::r so i6'nGe s are ll.ot in ace ordis,s :rtIJ:o.th.Elili'ifJ.tie.o.15e lone < IlI~ : - Wa,

find ~1i:rt"el'e'n-tillen in d:H'farent I?rof~s$i,!'Il,!; el.onr; so.ionti:fic lin0s_ dia'il!;re'ei::q,s,on pr'QblJoIl1B,but thore o~ be no dis[J.f.l;r~~ilV.!'!ltillmath0rn.o.ticd o:nlculilt ion.

'1'ho~a I ! l 4 : "Q seo de'~:rQQs ~:n .0. ci.r'c 119", no mlld'Gtar ' h.cw l,e.l' ga, or how ;small the ciJ;"-c,lamOo .y"bo. C o r t (lI.in. n u~b():r so t~hC :) e () , 0 . e e ;r 00S Wid. v;n g;lo ~ n :r -o 0 r "a~,t hl:lpo 1 ' 1 . ; u n o e n n dind.ioo. t( l, wh.~;n irn :l?o rtan t to ps tlI~d bo" f o~5 QO'ICUl"' o n stQok.a1 J:l.Swoll Il..S d~notoimpor1:;,unt .R~~i$t~o~ 1"v01s;o Wli.(!InOlti,oo you hnvt,l, tMl"Qugb,lYI'fI.[l.lf.ItlJi"Qd tho, O~01iIIotl"i-00.1 Anglo;.l ~ ~rQ'uwi11 00 ub:lo to solve uny pro,bl~ftI. o.nd d.~t.~r:mino thu tr(,lnd. of ImY':e, to~lc .

Atter 3,6 YG,.a:r 's Qf i '"e,t>1'HIl" 'ch.;, t~'!'its and. :pr!il.-o;::tico.l fipopliee.tion:.s, I ha""e, P~r'~fe.ct'Old a:iilld'prov~dl the m.'os1timporto.nt ~!l;lQ,s to be uso,a. indotoJ;'mini,ng the treudo r tho st 0 Ck~tark

W{Iu.se S5'ol!lei;r!ee.lmglos t~lI'\e,&i.iSUr'O' Spt'iO-o and T~e]le::rilod.:s because it is 9-shiGrter ~.d qUiebr 'metno,d, th.an, ~.aitiiOli:b. QI " lilultipU.,c;&t;i-Ol1,. ,pl'Qvided! yo u to11oilthe: rul,es and draw tho angle~ or Une~ f l . . ! :>Cl. l l ' fS;ceoly froill to:pa. md "botto!ll.sor ox-tramr;,. highs ,~d. lQ1;ilS" Yo:u may ma.kEla mi.s;t.ak:e ';in.. Rddititfn er tn:'O.lti!?U.c:,ation~ ,I:tbthe g;eometric;('l.l twlgle:s Siccuirc..toly drawn 'WilL. c(')'~l'!"IHrb 'thi3 mistnke>., FC!,rex;e;mpl'l;gIf Y"Ou r;;fl:(]Iuldcoun.t ncl'"O'ss the bottol;1. of youreh;art "l20 lrpaa 6S ~ whichrel?I"iEhs~etl.t~1,2;0 da.y~, '' !\ i'eo@k :s , Q r 'mlouths"then you begin ;nt nair OOld,n;\lli'iIb,o,l'ertically IOn YO'Ul'g , h i 1 i . X ' t , up to l ~ O ~ then 1':rOlN thh top p~in.t; L t : 1 2 : 0 d r - W f l ' 0; !5-ilog:r",eOl!:!l~:le m c r v 5 : a @ ;dOW'.a, this willc~e out at 110 Iii on 120: ~~i-nb's over 1'l'QUl. t h : . a , 'beginning.. It youhave ml:l.citco.,mi s~Slk{i in Jl!,1;lffibe'Tn.S ,. tbisrill 0 o);"rElet it

.Anglc;8 dl"uwn on 0. oh!.nrtfilwnys koaphotorl 'li ji'QU the p(;l:dti,oD. of' the stoolc fl.n:aits tro'OO. whe:r eas if you hw:l! a. ro s"i st ~t'lIc,epoint; ont:illl.A;l li'O:i.vt ~nd.O'o'm~ YOllll'li I.'itlIti,;s 1.0.1' it or forget it but th~e angl.e,s al"O a.lwnys on 'bhe ah!ll"t i,n ,front ot you.t

1b'$~o.n,gle:$ Qr moviug,-avo}",il.f;C trend li.'t1.oB cor:rect"'ly drlXlllU will keep you frommQ..kin g tni,sii: .nk0' 5 01" mi:;: ,j'lld(Smg t:h~ tT O T U .1 1 . :r : l' yo u we .it find fQ 110w yoUr' l'U lGC>~ teo,:Hlanglos will "how you when. ' l : I 1 ! . b 'trond G ' h .I I D & ~ o s .The, mCnrill,!;~~"I\f\erD.fiiO < 1 ; : 1 ; CJ.oUW\~nly ''IJ"s'e,(J:is ob"t:ui.ned. 'by 1Juk;!.nE:; tIl", o.ztre'ti\:G lOWpric $ and th~ Q:;ct;.rellW hi.gl:l pri,;'e of ttHl {;l\lond.C!.l::' dQ.Y'~ "I'UlQ\c o X " 1I:I0'nth~ Gn.d a:.irld:iu~it by' tw'l:l t'ICI' ,get the l lIl.@CUl. O~il:'\i'~4'"a!l;.e :pl'i~ i"Ql(" the d;e,yI w~'ek: 0'1." m.onth~ and. QOO-tinuing this ~t. the end :o f efieh~,ti'Ole peri'od. 'l'his is an ir:r'og;ulo:r mov~'i!il:ent };n.s:pa.ceso l" po in ts pOr. ' w'06k b'i!I,ce..ws.e- CIt: on o time ..i~ iJ"I :o.ym.oY!3> up 2 : point:!; per waGle


5/12


6/12

we draw lines frofllt.he o't,he!" dI.i"'~CLiOlq$1 we d lvld.e i t , . , in'l"o foul equal !ptlrt.s-then by df'El.!wll1iJ"!Lhe two linej. fr'Q!'!'Jeach corner , w e di.1vtde t.Ile' square int.o 6 equal~ts: and produce 8 t.r .iangle5 .

As, you look at.. this: Squar'e~ it i7>hould be easy for you to ten with yow eyewMre the st~ro,ng.$t support. pOint Is Or' res h,t.(i[lCe po,int, is. It is at.t he centerW'here~ll!. the angles er-oss , lI'oucr ang"l.m. crO$sat. 't,his point J ;so' na.1t,ura.Uythi~:would be a $t.ron~er auppo r t. po ir,t tfu:"~la pla


7/12

1'0is tl ~l'd~rlIlo 1'0 thm S po ints o . ' W f J . ' t. . . Un10 s 3 ,~d;;,~os: 0.1' e no o.l" t n . 1 : ) low lil!V'~hi Ol:t"just stCl!;rting:tn a bull market Or s:011iij~at "i;ll"~' low p:dcos 1 1 Il.lwa.ys U${l$sto,plo~s orn!~l"on;!il pomt mld@r' t,h~ 45 Ullgh:. If' this OOlgl.e is ll:i!"o'l:oon.y 000' '[:lQint,you wi':U u~ui;:l.ll,Y rind. tIu,\~~th.e t!'t)ud h~~ chlmglil,d (1,:1: loo'llt tl(:iiln!,o'X'nrily Md thestock ' 1 ' 1 1 $ . 1 1 f S , I ) l C W ' e r .

lLn (;llnsy l'if'a.y t.o ealol1,1Q,too..ccuro.:t~ily hOVl to put on this 45 .ilIlglo i.s:For oXWIl.plo:. If' thiGti'ill,Q : ; ! ; : s : 28 df>yS. 26)'/(i.l01(:s",. or 28 lnon'l,,nt: fr 'om thopoi.nt whercth!


8/12

TH:r Jl:D I M P'Q R'l' A N '1 ' ANGLE" 'l.rhich is cti1J_ll;trMl.~et' " D . : ! l l Q n s ; o .~ $ 5tO,ckh.oleJ.f; aho'V'e it~4 :x : .f i~the ;OO:l~10 which ' l ltOV,(;l: l: up 4, l'Klmt:,3 pe'!: duy ... w'o,elc~ o r1llon'l;h. 'l'hi;;;; nni~1a i~ + 1 X 1,. o:r4 j;)oin't::s o f S i J) ,i( !J .c oe 'C I un l

0110 poe'rioa: .Q.f Tim.e. It mC}l').~ures.750 ~d di"tides the space between "h.~ Illl"le .ad;'2 . x 1 and. ths 90 ~I$ll!i. into i , . " I . . . .O @C J : . 1 ! I I t : . l pal"t.;;;;.. Jrny s t o c k i:he.~ ~ont;l.nuQ$t..Q ~H~,"I"~C~!l .points 'per day I 4 pointsp0 by d:i:v:l.d1ng tho 6puoo wl:t.h un.(;lo~ W~n:l"e gottine;the hnl:C.. . .wu.y po in t O 'r the &l'.Q,vity o@uter '01" 'l'ime : rmd_ Pric~

.0' X l lINGLE:. Not(J the rol.g,lQ dr,L\'Wnin Groen" InO;,rkedl"l3 x lli.~.hi,c.n. 1n?V~&- up I;l:t thel::'AtJ o:r 2i points. P(J ) ; : "d.ny~. " !HCO k orm.on,th,~ 'm6nSli ! : r ing;71 '.. ' . ! : ' h . i $lll\gl.o i:, iTO,po rto .n t Attim .es arto ): 1I! l(1.. 'r ' icets ~Vtll ho .do . proloni ! :od o..t \v.cmce c.nd. 0.1"130 .lO!l~ d.iston-co up froJJ'i. th~ lb?t.to:m.. It i.s 00 import,rmt .ongle to 'us:e, 00 Miou,th1y end

W'ook lo y 0harts.':l'heS 0 l;ll'1 all th... Cil1@;los:rou nie~ as long !l;S t.l,. at 00 k ea,ntiQ.ue ~ tQ o . d V'W).C eilll.d vmrk: up E ! D . d sto.ys nbo'V"G tho m l . g l - o ot 4,50 ortha m.o"ll'ing-~vr~@ ot one p.a'inti!a;r any~ wook Ol~ l l l lDn : t .l : '! ..Whilo thoro Q,.r@ -3,6Q do.gro.e .i) :in. VI a h',cle, 00l.d ~.gl~$ 0& form n:t ,o.ny ,of tb.o.se,d .e P~;o o s , 0 .1 1 o,t' thoimporl:::Pnt c.n.gl(),;s fol"m b()twGon. 1~6ii OOld! l90n 'bOC-lluse 90' is

stl'!lig;ht up Olld d.0'iVl"l Md th.o 'lllLOst MU~O !!I.tI.gleon which. a ,stock 'crut ri5~ ~ Po,l'oxrunple: The ! ; 1 hom. th ,e b o 't" 'ib -o ,m ,01 " 10\'/ 'P0in .'b ~ ,~Q, rulo". it'wi.l.l only '\;oe'nCOO$;:J(I,ry -Co :put on t.hoso two W11!(l'0'S ~t .first. If' 'b;h.i~
mailto:a.ngl@mailto:a.ngl@


9/12

bottonl ho :td:J an d 10(;1n o~~ lh!'oko1'l, th{ltl y\J\l -:'(1.11put o n '\;.h;(I 'Oth!Jl' ;LUlt;lo!;l fl"o!ll thocottom."WEE1


10/12

will rQooivo iJu.ppo.r-t undo rl.l.l.1.y. SOr.~otiKm.m i~ will rost en it {'ur u. l'cm~ peri.od.of timo", holdip,g on thio:; o.l'i.g10ond m.e.kin~ hi{l;;t\(lrbottOlM. 'Burt whort this I l m g l . . @of :2 j;: 1 >. Q:r ll),Ovi.n !5~o:~r'Clil' cq,;~-Q t o ' !{I .Q~hCl l , fpo in t per do ;:r ~ weo k 'Ql'month .b brolGI!I,n.thpu you lnI.ist dra.w -th,a n.-eilr l o.llgleot , 4 . ) : 1 " . N ' E X ' J . ; lM.P'.QH:TP.N'~ANGLE,: Th.o next impo~ta. ....: a'lll!.:).oCiI:l't'}f!.O oo,ar ~id!Q of 'the Sql!:oorQ,'4 ; xl ' whi.ch m.OVC1,IS up at tho rarte of l!4---poi:nt "p,G;l' day II 'is therulglo 0: 4 x 1", 'Ill:t;)a~ti.l"ins;15, It ..ill1ba tho next si: ' tonGSUP!;HJort an.~l~ which. t 'nE) ,::;i;oc'k,:ihol.l:ld .g-ot .support on , r w . a . r -~llyfrOOl ..NID.::r lINGLHi 8 ~ 1: Then a;tte:r tho . 4 : ;: .: ;1 engJo is ct"okm, th~ : 1 l . i O ' X t i ln ,por tOOlt.". ~ OOl.gl.a, tha.t yo u will pub qn yo'\J::~ ch!l-l't is thl(l nngl.e Qf. e x : l~Which JJlQVO:;: a t "the 'ro-to, .of ljS...:point POl" d~y~ we-a , } , : : o r month .a . '1d inQ! : l: l luro;s, 1~.This ~s Q,fien a . . Y C J . r y strong:;lIlppo'l"t anglO'. Aft,or ,0 . s ; to:clc ho.s h:o.d u bi,g decUno tit'trUl O o : r t era :ro,$t OD, t:h 1.3 ml..g 10 S oV'~r.o.lt im",,'s Q r" m.lly T I l . ! l l J : o o f,Ulnl bot:t '0 m M,dsta:r.t up !'rCltlll.M.s. onglQ} crQ:sdn.g ,othor. ongl~s o.nd,gGtting book: into 0. st:ron~!;i'osition, o.g,:il.:in. '1"hore:!'ol'othb mg;h is hlporto.n,t" t.o usc on .. ().monthly or ""HlOoldycn[U"t : n:f:t;er a :p:rfJlonil:ed de c line ~

. ANGLE 101" :5 xl : 'l'hisu.ngl..CI ~ d.l"to.'ro. ill l"{]lk in.k., is i,,\ Tory impor ' too . t il,.'~tle~moasuring lS~ w Ii;i"l;r0ntly o.dvise using it. at. n.ll :till'tIO'~ :nnd.kb@pmg: it; up on. :mtllnthly ehi.i!r;l::s :from:. OOl.y impo;rt~u.t o o t t ! C I l 1 : l ' . It cem ,e.ls:o 0.0 \l!leOlto o.di.vllll;alOgo at t1rn flf> on "wQo,kly en.artS'1 . put, iff'!:l do'l'l'n f'n~t'~'r than tho ID'I.!l;leoJ: 450waJ!KEST f'OSITIOH-; Tho stoc~ is ip the 1' feuKr.q; : t p,os,!i;iblo. :position when i~ d(il'clinas

o . : n d k:e~"psundlill" tho Wl.gl.e ,ot $ . x 1. l't i.s illtho noxt wonk-


11/12

e::l't p()"6j;bh:m ''han i"t is dl'opping d C ) 1 l 1 ' n ' ~t tho :rnto o f 4 - 'poi.n:tn POl;' d.c..y., woek 'Or:ll\onth~ .ol' ~d'6l"' thQ li!.n.~lo ot '1 x l.. It i.$ in, it:s ;p.~~ wea.kes~ ,)?osit1o..>::t. when itdes dro'P'pin f,j.d,own W;ld.e:r the a'tl.e;le .;;J:a x 1,wrR0l:1iIE:STPOSI"t lOll: ~ 1'h~:>t o c k is iu 0 .. sia:ol1g:~'r .po,~itCin ana i.no. ' M ; . a: t es a" lHl,tte!:.":r 6.11yl'(h~n 'it e r esse 5 theei.l.glG o . r ,2 X 1' 1bU'b thh Q , o E ! P;(llJds'on, how fa.r it. ; 1 . " " d~'+!L tl'i:lPl t~~ 'bqp ~d. nO'i{ ,t'o.;rthe; O1!'l.;glesa)tfl, apart; M 'will beC1Xpliti'iled. later' und,er the rules.CHJJilGDtGTUND:As long as a st(JGl!: i :s de:olinin,g o';ncpoint per di\y~ week OJ; '

m,onth" Or fallintbo,loW or' und,ell' the 450angle~ it i . ! \ : ,:;;till 'ma bear tn.arket ~ in tl. 'ery lI(eak posit:i.o:n~. Vrh~,na stock re.liias and 'crosus the,o.ng.l.o or 45 utter a prOlO:ried. decline. the;n y'O\liU'~ ready -to put on the anglQ.5o,'nthe othal' si,d.e of the 45 o.ngl.(l..,. 'Kh:ic;h showstn.a.t the stQ'cli:;;S .S in a :.:tN:tl!{5ifJ il'PQsitio in iu ~ . "be,e,.rmQ,rkottWlQ. tn~y' 'b e ~etting re1ady 11; '0ch@g!:J ' into .[).:bull ma ..r ko - t "t.. .- ;"'~,...i II'~':"""'~ c_ ~ 1- .,' .'i"''' ,"; I I.''''r-"l - .1cJ=' ~, 1 : 1 1 _ I 1 :1 .1 1 "i:=+=I~'_H~I~: =ill ~, __LJ i I'!-' n:P"t/ p :: : , - I' I, Iuw - -, b,OC; 1 " .~ ._ ;l!1 1~.-I-+",..- I I W : I _ I . M~-!ISt...d-I- IA J I ~ ~! ...It:\; I' iNi- I:\; I ~ 1 ~ . - -

I \ I . r r - t , ' ! ~~ iii ,

Refer to Ji'orm.*.S"~wbich isi:he pa.'btGl'"l1!. for dr,u\~;inJ:l gn.~lelil a . . o ' O v ; @ 'b'ho 45;Ill.g'l.,. f,r-'omtho top.. (:SeG 1la.~\D 11)2 ;;C 1 JJiGLE l"R0l4 to;P~ The first ~.l1gL(!ll or moving.-nverOi.ge you drCi.w !l.itol'the 415Q

tmglQ frO~ thQ to)? is .cro:]..s.od and [\1"Cer th,Q .$toc,k :in.di-


12/12

Qo.tos tl'\(\t1t hu.~,tldo c . t:olltporo:ry "hO,ttQll~1~ tho, OllIS.le of 2; x 1, mQ'lfinl::;o'Ver 2 :pc intB nn.d. dovln ana pOli.nt. or l!Z-po:Lnt po);"uni t or T1i!1.e. Thi~ is m.oVin,f;down.nttho rat~ Qf' 1/2-PQ'i.nt 1'ti>l' month ~ 'i'(aako:r day.

~e llo.xt iiS; tho Jl.:ngl.~Qt - 1 ; : ( 1. which. 'lml"ll'GSdq.m o . : t tho rnto of'l/4~l?oit!

w.d.gann - the basis of my forecasting method

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