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The 50% Level


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In the 1920/30's - WD Gann wrote the following:

"When a stock declines and breaks 50% of the HIGHEST prices ever sold, it is in a very weak position and as a general rule when the stocks reach this point they will have a moderate rally and sometimes it is a final bottom for a big advance"

In other courses Gann also says...."That 50% level is the gravity centre and balance point"

In the chart below, is the SP500 Index covering a long period of time:

Look at the % drops and then remember Gann's quote!

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The "supporting" Indexes such as the DOW and SP500 should always drop 50% then rebound - The Nasdaq100 is the speculators Index of choice in todays climate, just as the DOW was back in 1929 - the speculators index of choice will typically drop 80% once during a 70 year cycle, the rest of the time is should find support circa at the 50% level

 

 

 

 

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  • 2 years later...

Not been on here for a while

As you can see by the DATE above that I told you about the Importance of the 50% level

How many of you were ready for this?

SP500 Bear market crash - details on the chart 

"Things" don't happen out of the blue - the markets are moving to strict mathematical ratios and GEOMETRY shapes

As gann said "When time & price balance, the trend changes" 

948.thumb.JPG.ddebfbb929373116ad3abedfe40d0c68.JPG

 

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9 minutes ago, phillo said:

another way of looking at it , Aviva currently - 

Capture av.PNG

Yep - it happens in EVERY market in existence and is a core principle of the markets - all timeframes too

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Here is a very recent on on the daily GBPUSD for a few hundred pips profit

Ignore the other trend lines - they are very very Important though, notice how they work with price - these trend lines are NOT hand drawn, the market made them months ago, all I've done is extend some of them and copied the blue one from months ago and placed it to the low of where the Fib retracement starts - REMEMBER, the markets aren't doing what all the manuals and commentators are telling you (which is probably why you're not making trading work)

The combination of a market generated trend line and the 50% level made for a no brainer trade, If you drop down to the 60 min chart you would see that 12600 was a high, so Ganns old adage of "old highs, become support" worked out well

949.thumb.JPG.d18e59a0e3421c7693324f7eee7b7c81.JPG

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On 08/07/2023 at 11:52, THT said:

Here is a very recent on on the daily GBPUSD for a few hundred pips profit

Ignore the other trend lines - they are very very Important though, notice how they work with price - these trend lines are NOT hand drawn, the market made them months ago, all I've done is extend some of them and copied the blue one from months ago and placed it to the low of where the Fib retracement starts - REMEMBER, the markets aren't doing what all the manuals and commentators are telling you (which is probably why you're not making trading work)

The combination of a market generated trend line and the 50% level made for a no brainer trade, If you drop down to the 60 min chart you would see that 12600 was a high, so Ganns old adage of "old highs, become support" worked out well

949.thumb.JPG.d18e59a0e3421c7693324f7eee7b7c81.JPG

Thanks for sharing @THT

All the best - MongiIG

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