The current is all happy with lots of cash flow and a new financial agreement with WFC combining old debt with even more new debt and extended credit limit. This all makes me ponder as I have been involved in several acquisitions and mergers. It's all sunshine and lollipops at first, then reality shows up and in short order with the rising overhead costs and lack of increased sales to support the new business structure, crash! Another house of cards?
This is a research project also in regards to specific calendar days that held significant. So I am plotting these dates moving forward from the new low closest to the relevant date, which in this case is 8/5/2015.
I am including the use of the Square-of-Nine and the rotation of numbers in this research.
I am new to this site and this is my second posting of an idea. This one is not being published initially public as I would like to gather input, guidance, and suggestions of others who may be familiar with this style or type of trading method.
I have followed only a few traders on this site to date as I have been trading on and off for over 30 years and wished to "weed" through the traders that have not been through the trenches yet.
Thank you in advance if you wish to share - Guy.
The 5/5/16 WDG day close of 13.13 needs to be breached with a higher close for bullish confirmation according to the WD Gann and his methods of trading. I will be bullish at this point and will be placing a stop according to the price action. A close below 12.25 would still be bearish and a candle or candle formation to negate the piercing line candle could be a tough go for the nears at this point in time.