Tech Talk: The ghost of Gann

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					Tech Talk: The ghost of Gann
Jeff Greenblatt
Futures; Aug 2010; 39, 8; Docstoc
pg. 26




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Description: Its been an interesting year technically for the equity indexes. The first few months were spent challenging upper technical targets with the Dow Jones and S&P 500 indexes challenging the 61% retracement of the bear market with the Dow reversing right at it. History shows that important bottoms will be retested. There is no reason to believe the November 2008 and March 2009 lows will be any different: As there is really good symmetry at the top and bottom, prices can stay range bound for years but what traders are looking for here is how the second half of the year goes, August in particular.
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