Traditional Culture Encyclopedia - The 24 Solar Terms - What does Gann mean by 9 o'clock?
What does Gann mean by 9 o'clock?
The law of the "nine-point moving average fluctuation chart" is: in a falling market, if the market rebounds below 9 points, it means that the rebound is weak. If it exceeds 9 points, it means that the market may turn. If it exceeds 10, the market may rebound by 20 points. If it exceeds 20 points, the market may rebound further to 30 to 3 1 point, and the market rarely rebounds beyond 30 points. For a rising market, the rules are the same. When making a chart, if the market rises by more than 9 points, then the chart can rise. The chart moves up with the daily high point until the market falls to 9 points, and then moves down to the daily low point.
The "three-day chart" and "nine-o'clock chart" are very similar to the "point chart" we use now, and they are drawn in the way of following the market trend. However, Gann's chart has several characteristics to be noted: 1) Gann's "three-day chart" determines the market trend with time, and the "nine-point chart" determines the market trend with the price fluctuation range, so analysts know the market trend like the back of their hands. 2) Compared with the number of points, the turning point of the point chart is defined by the analyst, and whether it is successful or not depends on the analyst's understanding of the market.
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