Gann Lines and Angles
by Robert Pardo
"Integrated use of Gann Lines and Angles... appreciably
enhances the accuracy of the identification and verification of
potential turning points."
Gann Lines and Gann Angles are technical charting methods for the projection of Forward Support and
Resistance. This article will discuss these techniques, their applications, the concept of Forward Support
and Resistance, and the Principle of Coincidence.
The projection of potential future turning points is one of the more interesting and rewarding applications
of Forward Support and Resistance. This article will outline an integrated use of Gann Lines and Angles.
This integration appreciably enhances the accuracy of the identification and verification of potential
turning points. It is a good example of the "sum exceeding the parts." It is also an excellent illustration of
the Principle of Coincidence.
THE MARGIN OF ERROR
Experience indicates that many traders are unaware of the LIMITATIONS of technical indicators and
their applications. Most traders know the proper application of a particular method. However, most do
not know how to determine at what point a method is being used beyond its inherent capabilities. The
result of this is inaccurate and misleading trading information. Application of the Principle of
Coincidence is one method that helps to reduce this effect.