Price-Time Review's
Market-View support charts
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GEOMETRIC
PATTERN ANALYSIS:
for the
S
& P 500 "cash" index---(SPX)
12/23/2006
"NEW CHART with full Gann-Elliott Analysis
for current posts and future running updates into 2007"
--1/23/07 REVIEWED without
changes--
--5/11/07 Added blue
dots on chart for current SPX position @1505--
FREE VERSION WITH SOME KEY DATA
REPLACED WITH "XXX"
SUBSCRIBERS can view the full and un-edited chart
at
<SPX KEY 12/23/06 update>
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The graphic below shows the SPX "cash"
index chart with our current best estimated Gann and Elliott Wave Analysis
applied. It will remain valid and updated each month until replaced.
AS best we can determine, it shows the correct GANN ANALYSIS for
this chart as determined by using a weekly or monthly bar chart adjusted
to the Gann scale of XXX (XX) points per XXX.
That scale is based on a known XX:X frame to the SPY proxy. For
updates we will add some small "baby blue" dots to show where the
index is currently at, and it's "approximate" path since this 12/22/06
post.
BY THE WAY, be sure to NOTE
that while this major index is currently classified as XXX by Mr. Gann's
key angles, since it's above the XX:1 angle up from below and the X:X
angle down from the all time high in 2000, that according to Mr. Gann
this index MUST NOW STAY ABOVE this angle or "signal" a change in trend...since
it is now "far away" from it's APEX at the last major CIT up.
WHILE I can confirm Mr. Gann's assertion, I will also say that the "shake
out" from just above, and/or just below, this angle on an "apparent"
break of it has also become a "prime location" for the big speculators
to setup a Bull or Bear Trap.
Therefore, in modern day trading you need to "watch" the action
around this angle, and especially any "re-test of it" after an "apparent"
break of it, to decide IF that break is for real or not...while it "usually"
is, that is not always the case.
<Gann" SPY 12/22/2006 with future "running
updates" into 07' >
<Gann PRIOR SPX chart with "running
updates" from 7/2005>
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Note that this is only one page of a ten page series for
the SPX index, and the links to the other pages are back
on the SPX menu.
All non-subsribers need to be aware of the fact that
the charts and analysis shown here are only a small part
of a larger process, and they are displayed here for educational
purposes only and are not a recommendation to buy
or sell any security.
Descriptive comments,
if any, are either on the graphic or in the
block below it.
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For The
Price-Time Review
Dr. Andrew J. Quiggly
Co-Editor
All content is copyright (c) 2003-7
PriceTime LLC
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