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Sunday, February 28, 2010

ELLIOT WAVE STUDY- 1 (GANN DATES)

IMPORTANT DATES FOR CHANGE IN THE MAJOR TREND
The following dates should be watched for important changes in the major trend of both Industrial and Railroad
stocks. If any stock makes top or bottom around any of these dates, you can expect a reversal in trend,
especially if there is a sharp decline or a sharp advance around these dates: Feb 8th to 10th, March 21st to 23rd,
May 3rd to 7th, June 20th to 24th, August 3rd to 8th, Sept 21st to 24th, Nov. 8th to 11th, Dec. 20th to 24th. These dates
are based upon a permanent cycle, which does not change. Important dates are based upon a permanent cycle,
which does not change. Important tops and bottoms are made in many stocks every year around these times.
Watch the stocks that reach extreme high or low levels around these dates.
DATES FOR ACTIVITY AND WIDE FLUCTUATIONS
The following dates indicate times when stocks will be very active and have wide fluctuations, making tops and
bottoms. While all stocks will not make tops and bottoms around these dates, some of the most active ones will
and if you watch the ones that turn around these dates, it will prove helpful in your trading:
January 5th to 7th, 12th to 15th, 18th to 24th
February 9th to 12th, 20th to 22nd, and 27th to 28th.
March 10th to 11th, very important for change in trend; 21st to 22nd important; 28th to 29th another very important
date for change.
April 3rd, 9th to 10th, 13th to 15th, 21st to 23rd.
May 3rd to 4th – watch stocks that make top around this date; 9th to 11th another important date when some
stocks will make bottom and other stocks will make top. 22nd to 23rd and 29th to 31st – very important dates for
change in trend; watch for stocks that will make top around this date.
June 1st to 2nd – quite important; 7th to 10th another important change; 21st to 23rd a more important change.
July 3rd to 5th – very important for change in trend; 9th to 10th also quite important; 21st to 24th more important.
August – one of the most important months for change in trend. Many stocks will start on their long down trend.
7th to 8th – quite important; 16th to 17th important; 23rd to 24th important, 29th to 30th of minor importance.
September 2nd to 3rd important; 16th to 17th important, should be bottom of a panicky decline. 21st to 24th
important for top; 27th and 28th important for bottom of a big break.
October 2nd; 8th to 9th; 18th to 20th very important, - which stocks which start to decline and go with them; 26th to
28th minor importance.
November 10th to 22nd – a very important period for wide fluctuations. Airplanes, radio and some electrical
stocks may have sharp advances. Other important dates for changes are 1st to 2nd, 17th to 19th, and 24th to 25th.
December 1st to 2nd important; 16th to 17th of minor importance; 23rd to 24th greater activity and of major
importance.
The above dates are not only important for changes in trend and times when bottoms and tops should be
reached, but on these dates important news is indicated and some will be of a sudden, unexpected nature, at
times favorable and at other times unfavorable, but causing stocks to be active and fluctuate, making tops and
bottoms and changing trend.

5 comments:

shinoj said...

Excellent , From may 3-7 trends in world markets across the globe changed.

Rahul Solanki said...

Shares of Cipla ended up nearly 1.3% after the company said its Mauritius-based firm plans to divest its entire stake in China-based pharmaceutical company. Dr Reddy’s Lab is up 0.6%.
Commodity Tips

Unknown said...

PLS TELL ME NEXT GANN DATE FOR NIFTY IN 2016

Dollar Advisory said...

Your blog is a really good place for reading daily news about stock market.

Commodity Advice

Capitalstars Research Updates said...


Lead futures were trading lower during the noon trade in the domestic market on Tuesday.

Capitalstars

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