Recently while reading "Encrypted Key to the Market by Greg Shrader "I came across an interesting concept. Concept was
if you count the bars between any to bottoms ( say 10) and than double the bar count( means 20 )... so from the bottom were you started the barcount and at 20th bar there will be a reaction,and
same goes for tops as wells, they will also show some reaction.
To test this I worked on Nifty, please go thru the charts and
see for your self,
As per the author it his concept of gann by 2, you will find at page
::a concept of greg shrader ::
in Technical Analysis
Posted
Hi,
Recently while reading "Encrypted Key to the Market by Greg Shrader "I came across an interesting concept. Concept was
if you count the bars between any to bottoms ( say 10) and than double the bar count( means 20 )... so from the bottom were you started the barcount and at 20th bar there will be a reaction,and
same goes for tops as wells, they will also show some reaction.
To test this I worked on Nifty, please go thru the charts and
see for your self,
As per the author it his concept of gann by 2, you will find at page
33 of the book.
Thank you sp90 for this wonderful posting:)
You can check this book at
http://indo-investasi.com/showthread.php/5204-Greg-Shrader-material
regards