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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