Wyckoff wrote in his "Ticker Magazine"
"One of the most astonishing calculations made by Mr. Gann was during last summer (1909) when he predicted that September wheat would sell at $1.20.This meant that it must touch that figure before the end of the month of September.
At twelve o'clock, Chicago time, on September 30th (the last trading day) futures were selling below $1.08, and it looked as though his prediction would not be fulfilled.
Mr. Gann said, "If it does not touch $1.20 by the close of the market it will prove that there is something wrong with my whole method of calculation.
I do not care what the price is now, it must go there". It is now history that September wheat surprised the whole country by selling at exactly $1.20 in the very last hour of trading, closing at that figure. During the month of October, 1909 in 25 market days, Mr Gann made in the presence of our market representative 286 transactions in various stocks on both the long and short sides of the market. 264 of these transactions resulted in profits, 22 in losses. The capital with which he operated was doubled 10 times so at the end of the month he had 1000% on his original margin.
Mr Gann has refused to disclose his method at any price but to those who are scientifically inclined he has unquestionably added to the stock of Wall Street knowledge and pointed out infinite possibilities.
One of Gann's Most Remarkable Forecasts was in the year of 1928 - In November W.D. Gann issued an annual forecast predicting the end of the great bull market in stocks for September 3, 1929, and the greatest panic in history to follow. We quote from this forecast,"September - one of the sharpest declines of the year is indicated. There will be loss of confidence by investors and the public will try to get out after it is too late. Storms will damage crops and the general business outlook will become cloudy. War news will upset the market and unfavourable developments will occur in foreign countries.
A 'Black Friday' is indicated and a panicky decline in stocks with only small rallies. The short side will prove the most profitable. You should sell short and pyramid on the way down."
"One of the most astonishing calculations made by Mr. Gann was during last summer (1909) when he predicted that September wheat would sell at $1.20.This meant that it must touch that figure before the end of the month of September.
At twelve o'clock, Chicago time, on September 30th (the last trading day) futures were selling below $1.08, and it looked as though his prediction would not be fulfilled.
Mr. Gann said, "If it does not touch $1.20 by the close of the market it will prove that there is something wrong with my whole method of calculation.
I do not care what the price is now, it must go there". It is now history that September wheat surprised the whole country by selling at exactly $1.20 in the very last hour of trading, closing at that figure. During the month of October, 1909 in 25 market days, Mr Gann made in the presence of our market representative 286 transactions in various stocks on both the long and short sides of the market. 264 of these transactions resulted in profits, 22 in losses. The capital with which he operated was doubled 10 times so at the end of the month he had 1000% on his original margin.
Mr Gann has refused to disclose his method at any price but to those who are scientifically inclined he has unquestionably added to the stock of Wall Street knowledge and pointed out infinite possibilities.
One of Gann's Most Remarkable Forecasts was in the year of 1928 - In November W.D. Gann issued an annual forecast predicting the end of the great bull market in stocks for September 3, 1929, and the greatest panic in history to follow. We quote from this forecast,"September - one of the sharpest declines of the year is indicated. There will be loss of confidence by investors and the public will try to get out after it is too late. Storms will damage crops and the general business outlook will become cloudy. War news will upset the market and unfavourable developments will occur in foreign countries.
A 'Black Friday' is indicated and a panicky decline in stocks with only small rallies. The short side will prove the most profitable. You should sell short and pyramid on the way down."
. I have shown more than him since I showed my weird charts whereas he has always refused to show any charts from these equations except esoteric ratios and lines which can't retrace back to the real equations.
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