Gann Angles are great for stock selection, the momentum trader, and judging corrections.
Here is a winning stock, Gann Angle 4x1 is holding the trend of PriceLine. Amazing trend!
Other stocks in this 7 year bull market like AAPL and SBUX have had great Gann angle supporting trends.
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
"Don't trust your own opinion and back your judgment until the action of the market itself confirms your opinion." ~ Jesse Livermore Trading Rule
"The four most dangerous words in investing are 'This time it's different'." ~ John Templeton
"The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell." ~ John Templeton
"It is much harder to sell stocks correctly than to buy them correctly." Because of the emotional aspect of trading, if a "stock went up, the average investor would hold because he wants more gains - he's exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even - he's hoping against hope." ~ Bernard Baruch
"One must search through a maze of complex and contradictory details to get to the significant facts ... Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts." The challenge for the successful speculator is "how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts." Moreover, "if you get all the facts, your judgment can be right; if you don't get all the facts, it can't be right." ~ Bernard Baruch