Corn is in an area predicted to form major resistance... I believe it will correct for the next few months before looking to TOP in mid of Jan 2013 around 930-940 price range.
This is an EXPERIMENTAL analysis using Gann's techniques... so don't hold your breath :)
However if your interested to see how it goes, please feel free to follow this chart.
If you have ever looked into the works of W.D Gann, I would be interested to hear your views/findings
Comments
dimes
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Agreed.
dimes
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Actually I have been studying Gann for just a short time, But the guy uses a lot of practical knowledge based on the past but also understands the past does not do the exact same thing but similar things in different markets over time. Great for long term trends
max_andronichuk
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Yeah it's not EXACTLY the same thing... but I would say take note of his talk of ratios and relationships... I think geometry and mathematics seem to be the crux of his work... which is what I am attempting here.
Although the lines may appear random on this chart... they all have mathematical relationships to each other and have been calculated in advance... not complete guess work :)
max_andronichuk
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One word of advice with Gann... there are a shit load of people out there trying to sell his magic formula on to others...
I have never paid for a single course etc..
simply read some of his works.
I would suggest to anyone interested in his work not to give any time of day to people selling courses explaining his method
dimes
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I totatally agree and that is why I think the is so amazing one of the great services that I might even subscribe to is GANN Global. The guy does amazing work and helps Explains Ganns different cycles and shows where we are today.
dimes
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Gann Global to me really explains his work and gives you really good long term trades that you can actually be in for months I did a trial with them and everything the guy does is focused on Gann, The Guy made me a big piece of change on some comodoty trades He really knows his Gann In my opinion. There are a lot of services out there and I do no not subscribe to many. Especially after loosing so much money listening to Prechter at EWi but when I Read more books on Elliott especially Robert Miner and was mentored by a trader named Todd Gordon. I learned how to use Elliott Practically to make some profit.
max_andronichuk
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I've come across Gann Global before, although have never subscribed to any service, I would certainly be interested to hear as much information about them as you could give me.
Does he explain his methodology in full? How much does it cost to subscribe to his work?
dimes
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Sorry have not got back. But the guy is one of the few people that do. He has a data base with Ganns notes Ideas and really defines where we are in the certain cycles and really takes time to explain ganns time factor.Gives real actionable great trad-able trades especially like times like this when interest rates could be turning up for years,when commodities are bottoming, called the silver bubble based on gann cycles and price and he teaches the stuff, really really informative.worth it. go to the web sight and give email and he will send you lessons and turning point opportunities for free.the best thing is all the data he has for example he will tell you based on the time and date and percentage of the move what the projections of corrections should be and how long corn would rally for example based on all the bubbles before it.