Gann angles

The Gann angles are named after W. D. Gann, a 20th-century market theorist. Gann described the use of the angles in the stock market in The Basis of My Forecasting Method, a 33-page course written in 1935. The legitimacy of Gann’s techniques has been seriously questioned. Calculating a Gann angle is equivalent to finding the derivative of a particular line on a chart in a simple way.

A Gann angle is a straight line on a price chart, giving a fixed relation between time and price. For Gann the most important angle was the line which represented one unit of price for one unit of time, called the 1×1 or the 45° angle. The value of a commodity or stock following this angle will for example increase by one point per day. Other important angles were the 2×1 (moving up two points per day), the 3×1, the 4×1, the 8×1, and the 16×1. In addition to these value increases, the corresponding angles for value decrease are just as important. When several of these angles are drawn in a group, they are often called a Gann fan, which is usually drawn from a price bottom or a price top.

As with other forms of technical analysis of stock price movements, the Gann angle model contradicts the weakest form of the efficient-market hypothesis which states that past price movements cannot be used to forecast future price movements.

Gann watched for important tops and bottoms to form on a daily sports water jug, weekly, or monthly chart and drew his angles from these changes in trend. When the trend is up and the price stays in the space above an ascending angle without breaking below it double glass water bottle, the market is strong; when the trend is down and the price remains below a descending angle without breaking above it, the market is weak clubhouse meat tenderizer. The market shows its relative strength or weakness according to the angle it is above or below. For example, if the price is above the 2×1 the market has shown itself to be much more bullish than if it is above the 1×1. In his angles course, Gann argues that when an uptrending price reverses and breaks under an ascending angle, the tendency of the price is to go to the next nearest angle below it; likewise, when a downtrending price reverses and breaks up through a descending angle, the tendency of the price is to go to the next nearest angle above it.

It is not always practical to give the 1×1 a value of 1 point of price for each day, as Gann observed in his course. If, for example, the Dow Jones Industrial Average is trading around 10,000 points, it can be more helpful to apply a scale in which a certain number of points (like 100 or 1,000) is used as the price unit.

Critics note that Gann did not set down rules for such cases and that the positioning of the angles on a chart is therefore entirely arbitrary and not scientific. This may not necessarily invalidate the methods Gann used himself, as it is not known whether he intentionally left some parts undisclosed.


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Asari-Toru is a Local Government Area in Rivers State, Nigeria.

Asari-Toru Local Government Area was created out of the old Degema Local Government Area on May 16, 1989 under the Hon. Eziwoke Wokoma. The inhabitants are of a common language which is the “Kalabari” speaking nationality, with ancestral origin and beliefs. Asari-Toru is the “Seat” of the Ancestral Stool of the Kalabari Speaking Dynasty which cuts across Akuku-Toru and Degema Local Government Areas. The Local Government Area upon creation presently encompasses Seventeen (17) Communities namely: Buguma, Abalama, Abiama, Angulama, Atuka, Ido, Ifoko, Illelema, Krakrama, Minama where can you buy jerseys, Okpo, Omekweama, Omekwetariama, Oporoama, Sama, Agama, Tema. Buguma City is the Headquarters of the Local Government Area and Seat of the King of Kalabari Kingdom: His Royal Majesty, King (Prof.) T.J.T Princewill, Abbi the XI, Amayanabo of Kalabari Kingdom. Within the Seventeen (17) communities, an estimated population of Three Hundred and Fifty thousand (350,000) persons can be identified as inhabiting these Communities.These communities have been grouped into thirteen (13) electoral wards. The Local Government Area upon creation presently encompasses Seventeen (17) Communities namely: Buguma, Abalama, Abiama, Angulama, Atuka double glass water bottle, Ido, Ifoko, Illelema, Krakrama, Minama, Okpo, Omekweama, Omekwetariama, Oporoama, Sama, Sangama, Tema. It has an area of 113 km² and a population of 220,100 at the 2006 census.

The postal code of the area is 504.