Saturday, December 1, 2012

Prime cycles

Shorter cycles are nested in longer cycles.  This was observed by students of cycles like PQ Wall. Wall called these nested cycles (9 Wall cycles - 20 weeks - 100 trading days in a Kitchin cycle.  And 16 Kitchin cycles in a K-Wave Super cycle [3.5 years x 16 = 56 years]) the Prime Cycles.

Here are these prime cycles:

 OK, 8000 years is a bit long.

Update: 12/02/2012 -- In looking at the copied table I noticed that 141 days / 3 is 47 days (and not 35 days), but 141 / 4 is 35.25 days.  On the other hand 141 days / 7  is 20.143 weeks.  20.143 weeks is 100.715 trading days.  100.714 /3 is 33.57 trading days.

33.57 / 3 = 11.157 trading days.  11.157 * 2 (or 2/3 * 33.57) is 22.314 trading days.   33.57 / 4 is 8.391 trading days.   8.391 / 4 is 2.797 trading days.

Gann liked eighths of 90 degrees (1/4 of  360 degrees [a circle]).  1/8 of 90 is  11.25, 2/8 of 90 is 22.50, 3/8 of 90 is 33.75, etc.  1 and 1/8 of 90 is 102.25.  Given the approximate same vaues of the trading days derived from the Prime Cycles table  I am incline to believe the Wall values (year, seasom, month) represent trading days and  not calendar days. 

If you differ please post your rationale.

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