Tuesday, September 22, 2009

9/22 W.D. Gann day

There is an entertaining article about 9/22 over at Barrons (link).

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GANN DAY! It doesn't appear on any calendar, but Sept. 22 is known among aficionados of various and arcane market indicators as the day pinpointed by the late technical analyst, W. D. Gann, when markets are more likely to reverse than any other day of the year.

For some reason, stocks, commodities and currencies have a curious tendency to make major tops or bottoms on this day ...
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Long GLD (2 positions)

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