nysestocks
Guest
Quote from RainMann:
There are trendlines and there are trendlines. A trendline that touches price a few times is a clue to everyone that price may touch it again, we all know that. But there is a rationality behind the use of certain trendlines developed by a Gann expansion that makes them special, and that is that some of them are slightly "invisible" to the trading public. Invisible meaning that they only touch price "one" time ( at the root ). Since these trendlines can't be seen, they are tradeable with an absolutely miniscule stop, right? Who doesn't like that.
Please don't infer that I am trying to give lessons, I'm just explaining what I thought was unique about an expansion chart in the first place. The truth is, I mostly have no clue why the price chooses to touch the line at "this" point and not at "that" point unless it touches it really close to one of the time expansion lines. Other than those times, it's a complete mystery. Maybe that is where you come in.
Ding dong round 1 - 850 even is just fine with me
How about this?
"Man is made up of truth and belief; and, if
he is deceived into a belief that he has, or is liable
to LOSE, the belief is catching, and the
effect follows it. I have given the experience
of my emancipation from this belief and from
my confidence in the EXPERTS, so that it may open
the eyes of those who stand where I was. I have
risen from this belief; and I return to warn my
brethren, lest, when they are disturbed, they
shall get into this place of torment prepared by
the FINANCIAL MARKETS. Having suffered myself, I
cannot take advantage of my fellowmen by introducing
a new mode of curing LOSSES by prescribing
WHAT AND WHAT NOT TO DO. My theory exposes the hypocrisy
of those who undertake to TEACH in that
way. They make ten BIG LOSSESto one SMALL WIN, thus
bringing a surplus of misery into the world, and
shutting out a healthy state of society. . . .
When I TEACH, there is one LOSS the less. . . .
My theory teaches man to WIN SMALL BUT OFTEN;
and, when people go into this occupation, LOSSES
will diminish, and those who furnish EXPERT ADVICE
and BIG WINNERS will be few and scarce."

