A class of analysis methods that works over time involves the studies of W.D. Gann, who also Known as “The Master Trader”. These techniques have proven contributory in identifying and explaining market tops and bottoms. While it is not always clear why a time and price symmetry identified a market turn, such symmetries do indeed exist. W.D. Gann, a famous analyst from a century back, considered the squaring of price and time his most important discovery. He called it range and time squared.
This square' can be of any form, like a geometrical shape, a mathematical square', a numerical progression, a cardinal cross, a meet point, or even a technical 90 degree square', any thin that kind.
Markets are Riddle Wrapped in a Mystery Inside an enigmas, and this attribute demands a great deal of flexibility when working with price and time studies. What should be understood about this mystery is, it does not materialize every day. However, when it does, it usually leads to a powerful trend. A low came at 7894. On the surface, that means absolutely nothing. However, when we take the square root of that figure, we get 88.85, which Fibonacci enthusiasts will recognize as the derivative of 89.
A bottom came in on Feb. 26, at 6825. The exact range is 2293 points. What was the date of the high? Was it 22 sep ?? , or 22-9 , not exactly but.
Some time a price can be peaked eg: at 47.81 in their 48th week of the rally
Another one, In trigonometry 360 degrees is defined as 2; 180 degrees as 1; 90 degrees as 0.5; and 250 degrees as 1.388. so a price 138 can square' with 89. How? 250-90 =160. And 160deg means .888. Get me??All these to be see as an example only.ok/??
when the duration of a move squares with the extent of a move, price trends tend to change and the Trader are vigorous in its pursuit to find out how and why the market turns. Bull and bear markets surge relentlessly along their path until one day that reverse course and set sail in an entirely new direction. markets march to their own rhythm with a philological of all their own.
Certainly, the fundamentals play their part in determining where we might be in the cycle. may be a PE ratio (nifty now at PE 23) can tell us whether the market is, or particular stock, is cheap or expensive at a specific point in time, but it has NO CAPABILITY of telling us when a reverse move take place.
For that purpose only we adopt technical analysis. Technical analysis is the study of price patterns and the visual representation of emotions in the market. Like the key technical tools, moving averages, trend lines etc. While these are important indicators, markets can and will overshoot their technical target, and the study of patterns can give us only a rough idea of when and where a market might turn. Last week we saw the price is jumping to the monthly target zone, and many here told me that my target achieved.
So if fundamental and traditional technical analysis cannot pinpoint the turn consistently, then what we have?
The simple square' root, which we all learned in grade school, is an integral' hinge on which the markets turn, but because it is hidden just under the surface, it is not immediately apparent. Here 17th March 2017 top was 9218.8 is a time price square', also that falls within the Cardinal Cross. This can bring nifty' to a minimum 8740 level.
Now let me know how many of you are interested in it, then I am ready to spend more time on it. And those who got the hint …tell me what do you think…Is there a coincidence or is it harmony?
This is a vast study subject and to discuss such measures and methods here is beyond the scope of this posting and would exceed its aims. So I conclude this here. Ping me, don’t hesitate, this is study only.
Yet Another Match Date is coming up.
19 May 2017 Friday is holding many specialty.
If the price can match it will be another PRICE &TIME square in Nifty'.
I am expecting 9555 is possible match number.
It is not a perfect square , but still it can qualify as a square.
vireen
⋅
@padiyaraa interesting post... I am very much fascinated and intrigued by Gann methods. Even I was looking at 17th march as a turn date, however I am working with a different principle of timing cycles but was also monitoring the square root of 7893 which turns out to be 88.85 adding this as number of calendar days to 26-12-2016 gives us a date of 25th March 2017 which might turn out to be another major high. Lets observe how things unfold... will be happy to connect with you one on one for more discussions....
padiyara
⋅
@vireen,
Thank you.
I will post the details in up date.
I regret I am not able to post supportive materials like out side charts or pictures
vireen
⋅
@padiyaraa, Correction in my reply above. I am expecting a bottom by 25th March. :) Adding 3 months to a previous bottom gives you next bottom and adding another month to it gives next top :)
Sir I m Saahil Agarwal from Hyderabad I want to talk with u .
padiyara
⋅
Welcome
We are up on wave 3. Definitely will update this week.
yashmatta
⋅
@padiyaraa, may be wave 3 is extended. It is at 1.75 of wave 1 . Should we expect zig zag or steep wave 4 . I think zig zag because wave 2 was very steep. Plz correct and add.
padiyara
⋅
@yashmatta,
As per thr rule of Alternation, general tendency for the pattern/structure/form/time or all, of the two corrective swings (w2 &w4) in a completed 5-wave sequence to alternate between a simple correction and one of the more complicated or complex corrections.
Here one thing to remember is w4 rarely forms a zigzag and, it nevr correct below 50% of wave 3. So a shallow correction in wave 4 is getting over.
I will come up with a more clear view.
Very happy to see your interest.
19 May 2017 Friday is holding many specialty.
If the price can match it will be another PRICE &TIME square in Nifty'.
I am expecting 9555 is possible match number.
It is not a perfect square , but still it can qualify as a square.