V.4:6 (205-206): How W.D. Gann tipped me on R.H. Macy by Hans Hannula

V.4:6 (205-206): How W.D. Gann tipped me on R.H. Macy by Hans Hannula
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How W.D. Gann tipped me on R.H. Macy by Hans Hannula

A lot of people have heard of W.D. Gann's work on angles of support and resistance, but not much on his other works. I would like to tell you a story about how some things he said in Successful Stock Selecting Methods In Wall Street (1) helped me to pick up on a case of possible insider buying and enjoy an exciting market experience.

I routinely scan the weekly issue of Stock Option Guide from William O'Neil & Company, looking for stocks whose chart action indicates a strong probability of a price move, which can then be leveraged by selecting the right put or call. I use a number of techniques, including the usual support/resistance, trendlines, patterns, Elliott Waves, and some proprietary techniques of my own.

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