C Terminal Update
Evidence suggests the triangular c-wave pattern off the December 14-18 lows is terminal from Dec. 14 and is completing the larger neowave pattern wave F . (Elliott described terminals as diagonal triangles.)
With neowave terminals, the pattern should retrace back to the beginning of wave 1 (Dec. 14) or lower 99% of time and less than 50% of the time it took to create with 25% as common.
From section 10-10 "Mastering Elliott Wave" by Neely:
That means SPX should retest the the Dec 14-18 low or lower (possibly by Friday) and the late Dec. high should not be exceeded for roughly 25 days +/- or more. SPX is up against a strong bullish January seasonal pull, let's see what happens.
NOTICE: Anyone using the Square of 9 Generator from XMLWORKS here:
http://www.xmlworks.com/gann/javascript/
There are often 1 day code errors in the squares it creates. I and another researcher have noticed many times the java code putting duplicate dates. I emailed XML works but no response. Beware of using it and double check all results. Or create your own squares from Microsoft Excel.
Gann would have loved Excel spreadsheets. They can do anything.
Here is an engineer with an Excel Lissajous Emulator which portions may have interesting applications in Gann mylar overlay and wave research?.......
posted by chartblog at
11:39 AM
3 Comments:
Hi Dave, can you point me to how the square of nine works in Gann's methodology? It seems that one can use it for price and time? Also, what Gann refers to the time factor, does it have to do with planetary alignment like Mercury, Junipter,etc., in relations to the sun?
And one top analyst/trader commented in her book that it requires a conversion factor to use Gann successfully in each market - like stocks don't need conversion factor, but commodities and FX have their own conversion factors?
Thanks.
Hi Frank,
There is a Chris Kakasuleff who mentioned he would write a book on the square of 9, but so far we only have his excellent Traders World article with several of the rules...
Link here:
http://gann.su/book/eng/Kakasuleff,%20Chris%20-%20Predicting%20Market%20Trends%20Using%20the%20Square%20of%209.pdf
I use it mainly to isolate interesting time periods, for price I prefer Elliott Fibs and measured moves but it does work for commodities. Google it, several web manuals will come up with techniques. Also timeandcycles.com is a subscripton forum with many square of 9 experts.
Ganns Time Factor does indeed have to do with planetary cycles. For example this top area we are now seem to be leaving was mainly the New Moon and Jupiter (the business planet) in 120 degree formation to the sun.
Im not sure of the commodity conversion factors. Its definitely an area that needs more research. The whole key to this stuff is to find alignment in the many many studies....Elliott, Gann. Astro, Hurst etc....no real short cuts. It just takes alot of work and experimentation with the numbers, astro and patterns.
Not sure what happened to Chris Kakasuleff either. Would be very interesting if he were around with a Twitter account, tweeting up to date interpretations of the Square of 9. :-)
Chris K. where are you?
-Dave
Thanks Dave. I'll look into the link you suggested.
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