Recently I posted couple of charts, using 60 and 70 year longer time cycles and showed the possibilities of potential time cycles and turn dates purely based upon simple repetition of said previous cycles.
Nevertheless, said charts were just part of my research. I was working on other related researches relating to longer term time cycles, which might have an impact on the current Financial Markets.
I have a copy of annual forecast made by Mr. W.D. Gann for year 1929. I was attempting to discover the basis of his forecast, thus trying to explore anything new, that I could learn. During this research, I noticed that where Mr Gann, had successfully called several market reversal dates, but he had missed many. Though surprising to many to have discovered that the legendary trader and forecaster like Mr. Gann, could miss some market turns. It is also known fact to all prudent and experienced traders, that it is not an anomaly to miss some time cycle turns, even by the master forecaster, either from the past or of the present time. Nevertheless, one thing is evidently clear that I am merely a student of the markets and I have learned from many teachers, including and especially Mr. W.D. Gann. Therefore, I pay great regards, to my teachers, including Mr Gann. As a matter of facts, many of my techniques, are derived and learned after reading his material and books. I enclosed herein chart prepared by (and in) Mr. Gann forecast and bottom portion of that same picture is my chart, with turn dates generated by my two time cycle systems.
Now going back to my research, I used my geometrical time cycles generator to arrive at future turn dates for 1929 and 1930, as if I were present in December 1928. Then, I also added my another time cycle patterns, which repeat after certain intervals and the derivative of 4 longer term cycles. The second indicator shows that, whenever the cycles converge, a change in trend is created. It is interesting to note that both of my systems were able to pinpoint major, intermediate and minor turns of 1929.
I am also attaching here the result of my geometrical time cycle generator for potential swing date in the immediate near future.
Based upon similar techniques, as shown herein on the charts, I expect a market reversal on 01/21-01/22 and I'm watching SPX price level 1,330-32, if it arrives by this date, then, we are going to have a STRONG REVERSAL. There was question posed to me about other resistance level. I am watching 1,300 and 1,320, also.
Based upon similar techniques, as shown herein on the charts, I expect a market reversal on 01/21-01/22 and I'm watching SPX price level 1,330-32, if it arrives by this date, then, we are going to have a STRONG REVERSAL. There was question posed to me about other resistance level. I am watching 1,300 and 1,320, also.
