Does it look familiar?

Talking to my trading buddy, Conrad can be quite fun sometimes because this fellow has very strong insight in reading the market. Each time when I talk to him, he will put some money in my pocket. He has directed me to read some mind-blowing books which I told him I would do it in the following days. In the meantime, let me put up a chart showing what I have learnt from the Ultimate Gann Course so far from Safety In the Market

Here is the daily chart of DJ-SpotV. It was about 227 days from 14 July 2006 to 20 Feb 2007 (i.e. Points A and B). Using simple ABC set-up analysis and the Balance Time Tool in SITM Module in Profitsource, the projection of another top would be around 11 Oct 2007, and that was the day when INDU reached the all time high. It's amazing and blowing my mind when I was doing these projections myself.

From the Ultimate Gann Course, I also learnt to draw Fibo using calendar days and using this technique, it helps to identify whether there are possible signs that there would be a change in trend. Again, it's mind blowing stuff.


Now, here is my projection and firstly, I am not providing any advice here. I am doing what the tools are telling me to do, and plot my lines accordingly based on the rules and guidelines. So, if the market chooses to prove me wrong, I am wrong and it is ok to be wrong.

At this moment, INDU continues to show an uptrend, and it will remain intact if the Fibo calendar days support this view (and so far, this guideline has yet to be violated). Using ABC set-up, there is a reasonable time around 9-10 Oct 2009 where INDU will finish up to 10400-10500. Keep in mind that this day is the 2nd anniversary day (approximately of course) of INDU's all time high. So, will history repeat itself?


It's just amazing that the more I learn Gann stuff, the more I discover on the history. Gann believes that history repeats and the tools are helping me to discover the history.

Let's see what happens when the 2 yr anniversary is approaching.