2017 Market Outlook – Gann Style

Gann used to market his annual predictions for a lot of money – essentially all he was doing was looking back 10 and 20 years and projecting market movements for the forecast based on what the market actually did 120 and 240 mths prior.

I was going to do this last year but didn’t have time, so here it is now – half way through the year.

This is a very simple method and real easy to do – I’m not saying it works – What we’ll do is come back to this blog in Jan 2018 and update the “Current” chart to show what the market did and if there’s some correlation

Notice the big plunges that both the 1997 and 2007 market had in the latter stages of the year – also notice the 1997 plunge and subsequent market action up into 1998, Now get a chart of 1987 and see the formation the market made from plunge to end of 1987!

Gann’s market predictions were a little more detailed and specific than this, but not too much

Here’s the CURRENT market action of the FTSE100 Index:

FTSE100 - 2017 - 6 mths

Now here’s the FTSE100 Index from 2007 (SIDEWAYS):

FTSE100 - 2007

Now here’s the FTSE100 Index from 1997 (UP:

FTSE100 - 1997

 

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