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- 3 March 2006
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RE: Square of nine
no problem
RE your starting point question, this is often defaulted to 1.
You would need a very big square if the start was 1 to get out to near current SPI value.
So you can use a significant price for the start value, say all time low 458
or 1987 low 1054 or you may want to use something more recent
because some argue the SPI200 @$25 a point is an in the age of electronic
trading is not the same as the SPI @ $100 a point
On the square there are 8points which make up the points of a cardinal square and ordinal square..
the cardinal square is 0/360 deg, 90 deg, 180 deg, and 270
the ordinal 45,135,225 and 315 degrees
These degrees match up to seaonal dates and often prove to be times of signifcant action in the market place.
eg on cardinal square 180 degrees is 21 march (although it varys slightly year to year) check out our market around 21st march each year.
According to Gann you should watch for tops and bottoms which are exact squares of numbers.
If a number and a date align on the square then thats a strong sign
as is a price on one sdie of the square and the date 180 degrees opposite
There is ALOT more to the square of 9.
I don't use it, I don't claim it works I did build my own version of the square
of 9 using perspex circles. It actually worked brilliantly in 1998 for about a year then the wheels fell off the wagon.
It still looks impressive!
Regards
Freddo
PS no trades from me this afternoon
wayneL said:
no problem
RE your starting point question, this is often defaulted to 1.
You would need a very big square if the start was 1 to get out to near current SPI value.
So you can use a significant price for the start value, say all time low 458
or 1987 low 1054 or you may want to use something more recent
because some argue the SPI200 @$25 a point is an in the age of electronic
trading is not the same as the SPI @ $100 a point
On the square there are 8points which make up the points of a cardinal square and ordinal square..
the cardinal square is 0/360 deg, 90 deg, 180 deg, and 270
the ordinal 45,135,225 and 315 degrees
These degrees match up to seaonal dates and often prove to be times of signifcant action in the market place.
eg on cardinal square 180 degrees is 21 march (although it varys slightly year to year) check out our market around 21st march each year.
According to Gann you should watch for tops and bottoms which are exact squares of numbers.
If a number and a date align on the square then thats a strong sign
as is a price on one sdie of the square and the date 180 degrees opposite
There is ALOT more to the square of 9.
I don't use it, I don't claim it works I did build my own version of the square
of 9 using perspex circles. It actually worked brilliantly in 1998 for about a year then the wheels fell off the wagon.
It still looks impressive!
Regards
Freddo
PS no trades from me this afternoon
