SPX GANN TURN DATES
90 degree turn dates mark an important change of trend. usually an important bottom but can be a top as well. Remember, these are turn dates. Harmonic means price & time & geometric
Hardly the turn dates make 2 highs in row, eg 23 July and 8 August. It can only suggest the next turn date 8 August must be a low followed by a high near 23 August.
The ultimate low must be therefore 23 September 2013. Eg WAVE C of Intermediate 4.
Important turn dates change trend and most of the time from a 50% retracement.
We have to ask ourselves " what can be the catapult to lead us lower into 8 August" . The answer could be the FOMC meeting 30 July / 1 August.
Hardly the turn dates make 2 highs in row, eg 23 July and 8 August. It can only suggest the next turn date 8 August must be a low followed by a high near 23 August.
The ultimate low must be therefore 23 September 2013. Eg WAVE C of Intermediate 4.
Important turn dates change trend and most of the time from a 50% retracement.
We have to ask ourselves " what can be the catapult to lead us lower into 8 August" . The answer could be the FOMC meeting 30 July / 1 August.
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