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"
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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.
<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
Andrew Quiggly
Editor
All content is copyright (c) 2003-6
PriceTime LLC
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