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Chart 53 is the 12/89 S&P 500 contract from 1/27 to 10/31/89.

One more potential profit opportunity on 10/20 is evident after 10/13.

The Retracement Zone for Chart 53 was established by using the 2/27 low of 29890 and the 10/10 high of 36450 - a time period of over 7 1/2 months and 6560 points.

The Zone has a high limit of 33170 and a low limit of 32110 - a range of 1060 points. The midpoint of the range is 32640.

Even after a 7-1/2 month period, a price spread of 6560 points, and a violent, one-day collapse of over 3000 points on 10/13, prices halt IN THE RETRACEMENT ZONE.

EVEN AFTER two violent days of price swings, such as those of 10/13 and 10/16, two more trading opportunities are evident, using Gann's Rules.

THE W. D. GANNMETHOD OF TRADING - A SIMPLIFIED, CLEAR APPROACH WORKS!

Profit from Chart 53 $4,500

Net Profit 4 trades $32,400

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Chart 53

Chart 53

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S&F INDEX SF1289

Charts 54 and 55 on the following page show the September '89 Bond contract chart with some different studies. All these studies are available on the G.E.T. software, listed at the end of this book.

Chart 54 compares stochastic activity with Gann Pivot Points. The Primary (P) Gann Pivot Points are the most significant. From Chart 54 , it is clear that the high of9800 is not the highest price at which Bonds will sell, since a Primary Gann Pivot Point has not yet registered.

Chart 55 reflects long-term and short-term Elliott Wave counts. If you trade by Elliott Waves, or want to learn this effective method of technical analysis, invest in one of the many Elliott Wave books. There is no better way of learning Elliott.

|File| Auto Train Uieu Scale Gann Options

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Chart 54

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Chart 55

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