W.D. Gann used the term “the law of action and reaction” in describing the geometry of how market movements unfold. In the early 1900s this was a common phrase used in many disciplines. It is also where the term “price reaction” originated when applied to Wall Street. Perhaps you have heard it said, “the bigger the bull market, the [...]
Continue reading...Thursday, March 19, 2009
The S&P 500 pushed up toward the 800 level and the probabilities favor that 665.70 is a very significant low. * Please comment on the video at the bottom of the page * Here’s what I say with regard to what has taken place this last week-and-a-half. In eight trading days, the market has retraced 50% of [...]
Continue reading...Friday, January 30, 2009
Now we’ll look at silver. This goes to another complex. We looked at the crude oil, which represents the energy complex, the most important, far and away, for the economy. Then we looked at the soybeans, very representative of the agricultural sector since basically all the agricultural markets are playing to the same beat, whether the [...]
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Monday, April 26, 2010
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