Anyone can do the job when things are going right, in this bussines we play for keeps. - Ernest K. Gann
So, i was looking at SPY today, and was thinking like, how the HECK did we get up here...
So i turned my chart to the monthly timeframe and zoomed out all the way till i could see back till 1993, which i considered funny as that is even 2 years before i was born. ( How did people keep track of the markets back then btw ? (mustve been a real @#$%)
anyways continuing the story. the first ATH i saw was at the year 2000 at 01 march. after that market went down for 2 years, crawled back up and made a double top at 150ish $ then went down again.
So just for fun i picked the date range tool and connected the 2 tops. kinda suprised i got to exactly 90 bars. i found that funny as i read about this market cycle of 90 days somewhere concerning Ganns trading methods. So i went to google and typed in 90 days market cycle, and this is where it gets funny, so i search it up, and first thing i get is the famous "market cycles" picture. ( accumulation, mark up, distribution, mark down , repeat )
If you are not familiar with this picture, be sure to look it up as it can be eye opening!
Anyways, so i see the picture and notice this double top pattern in the accumulation phase and i start wondering, what if...
So i go back to my chart, copy paste the 90 days date range right after the first one and very suprisingly, this one also ends where u can see something changes in the market.
Because after that 90 days cycle, the market starts to really go parabolic. now this is also widely known in the market cycles. so i copy paste the 90 days cycle again. and this time the ends is not there yet.
Now, one could call this coincedence, or doom thinking. but 4x 90 is 360 which would complete the circle. Gann was a legend. But his ways remain mysterious to 99% of the people who do a attempt at learning his theory.
Check out my chart and give me your POV!
Cheers.
So, i was looking at SPY today, and was thinking like, how the HECK did we get up here...
So i turned my chart to the monthly timeframe and zoomed out all the way till i could see back till 1993, which i considered funny as that is even 2 years before i was born. ( How did people keep track of the markets back then btw ? (mustve been a real @#$%)
anyways continuing the story. the first ATH i saw was at the year 2000 at 01 march. after that market went down for 2 years, crawled back up and made a double top at 150ish $ then went down again.
So just for fun i picked the date range tool and connected the 2 tops. kinda suprised i got to exactly 90 bars. i found that funny as i read about this market cycle of 90 days somewhere concerning Ganns trading methods. So i went to google and typed in 90 days market cycle, and this is where it gets funny, so i search it up, and first thing i get is the famous "market cycles" picture. ( accumulation, mark up, distribution, mark down , repeat )
If you are not familiar with this picture, be sure to look it up as it can be eye opening!
Anyways, so i see the picture and notice this double top pattern in the accumulation phase and i start wondering, what if...
So i go back to my chart, copy paste the 90 days date range right after the first one and very suprisingly, this one also ends where u can see something changes in the market.
Because after that 90 days cycle, the market starts to really go parabolic. now this is also widely known in the market cycles. so i copy paste the 90 days cycle again. and this time the ends is not there yet.
Now, one could call this coincedence, or doom thinking. but 4x 90 is 360 which would complete the circle. Gann was a legend. But his ways remain mysterious to 99% of the people who do a attempt at learning his theory.
Check out my chart and give me your POV!
Cheers.
