January is an important month to watch in the US for stocks, 'the high
and low in Jan should always be watched', said Gann. Quite often this
sets the trend for the market over the coming 180 days. ie if January
proves a top for the month, the market then often continues down for
some time after that.
Gann also said July is always an important month to watch like this also.
Have a look at the attached chart and see if you can see what I mean.
Of course the above cannot be viewed in isolation to the trend and
other Gann comments, but I have found it interesting to observe over
past years.
I am confident subscribers would have learned much from the email
service carried out by Brendan the past two years. I felt it was pretty
damn good.
I note that in this time, over the last 18 months, there was not one
Aust fund I believe that produced a positive return, and last year, very
very few hedge funds managed a positive return either (and none over
10%). Gann's stuff speaks for itself, and was well taken on board by
Brendan over this time. Trade the trend, trade the breakouts in the
direction of the trend, watch time, watch for set ups. Easy to say,
much harder to do, takes time to learn and is opposite to most
everything else we had learned in life up until discovering Gann. There
might be a B.C and an A.D, but there is also a B.G and A.G I reckon. I
will miss that weekly update, but like George said once, 'all things
must pass'.
Keep in mind also that during this time, we were trading a severe bear
market, first for a decade, and first time for most of you. Not only
did we manage to preserve our capital, we increased it by almost half.
Great effort for a first time with the bear.
Click here to see the file...