quick short??, page-16

for amory hill I found this in my files Amory it is an article by Bryce Gilmore,




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Gann developed a unique method of squaring price to time and time to price.
He taught that every stock or commodity maintained a vibration where there was a relationship between 1 degree of price to 1 degree of time.
The difficulty with many stocks and commodities is in finding what value represents 1 degree of price..

A market can square price to time in several different ways.

1. Price units in a trend equal time units in a trend.
2. Base price equals time units to a new change in trend.
3. Prior price range equals times units to a new change in trend.
4. Prior time units equals next price range to a new change in trend.
5. Current price equals time units from a prior change in trend. (zero angle).

To keep a track of the position of his price to time he would draw GANN ANGLES up from lows and down from highs. He also used 4 to 1, 2 to 1, 1 to 2 and 1 to 4 angles. 1-4 means 1 unit of time to 1/4 unit of price.

If you study Figure 5 carefully you will see an example of each of the methods Gann used to determine when a change in trend could eventuate.
Gann placed extreme importance on squarings between price ranges, these could be retracement levels or alternating campaigns.
The All Ordinaries Index between 1991 and 1994 is a perfect example of squarings between price ranges.


The example in Figure - 7 epitomises everything about Gann's knowledge of order within the market. The time by degrees in each alternate trend "squared" between extreme tops and bottoms. This example should get any trader�fs or analyst�fs attention.



When I first read Gann's words, "Time is the most important indicator. When time is up the market must change trend." I crossed the threshold of market knowledge, inspired to learn more.