Click on Image to Enlarge
To view my previous Google forecast visit http://1618analytics.blogspot.com/2010/03/google-gann-time-price-analysis.htmlWithin this chart I have included the support and resistance targets from my previous forecast. The previous analysis conducted on March 8, 2010 proved to be highly accurate trading data. Most notable is the Time and Price confluence of *S2. The S2 data included a $460.42 price target with a time target of 07/05/2010.
The stock markets historic decline on 06/05/2010 caused Google to hit an intraday low of $460 before bouncing back to close at $498.67. This should serve as huge inspiration for students of Gann. I was accurate within 0.42 price and 1 day time, on a forecast conducted two months in advance of the market event occurring. The $411.71 price still does remain an active target however the main portion of my previous forecast is complete.
No comments:
Post a Comment