Gann analysis of SPX for June 20, 2010

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My friend Jim is a Gann analyst.   Here is his post on the SPX:
The SPX has travelled 180 sq of 12 in price per the highlighted box on the chart from the April high…timewise, it is 38 TDs or 53 CDs….time is generally handled using sq of 9….since time is less than 81 trading days, I opted to simply divide 38 TDs/9 = 4.222
180 sq of 12/4.222 = 42.63 or 462
Gann used 62.5 rather than 61.8….
therefore 1.625 x 2.625 (as opposed to 1.618 x 2.618)  = 4.625 or 462
since decimals are not important in this kind of price/time squaring, it seems time and price have squared….Monday will tell us everything.

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