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readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

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Gann Angles on The Dow Jones Industrials - Update

Gusher

A trend lines requires 2 points to draw, and Gann Angle only requires 1 point, a huge difference. Something is going to break soon!

Previous Post here

Why?

Simply that Gann Angle is not determined by price pivot points at the last price end, where as a trend line is. That is the beauty!

Price is still holding true to the blue 2x1 Gann Angle. This angle is the demand line, this is why we need to pay attention to it.

As stated before "As you can see price is now entering a pinch zone, it will bust out either way..." soon the fun will start.

DOW Gann Angle Chart
Larger Image

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

"Your goals are to select only stocks that move soonest, fastest and farthest in bull or bear markets. Limited losses and let profits run." ~ Richard D Wyckoff

"Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks." ~ Bruce Kovner

 

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