What factors determine the price at which a stock can be sold?
The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors? a. the financial condition, earnings record, and dividend record of the corporation
How many shares of common stock are issued and issued?
Common Stock, $1 par; 195,000 shares authorized, 149,000 shares issued and outstanding $149,000 Paid-In Capital in Excess of Par-Common $260,000 Retained Earnings 949,000 Total Stockholder's Equity $1,358,000 On July 1, 2017, the company declared and distributed a 11% stock dividend. The market value of the stock at that time was $20 per share.
How did Gann predict the markets?
The markets are geometric in design and in function. Based on these three premises, Gann's strategies revolved around three general areas of prediction: Price study: This uses support and resistance lines, pivot points and angles. Time study: This looks at historically reoccurring dates, derived by natural and social means.
What is the Gann rule in trading?
Gann Angles Provide Support and Resistance. This rule states that when the market breaks one angle, it will move toward the next one. Another way to determine the support and resistance is to combine angles and horizontal lines. For example, often a downtrending Gann angle will cross a 50% retracement level.
How much money did Gann make with his $300 account?
It turned out to be wildly successful: Gann was able to make $25,000 profit with his $300 account in only three months; meanwhile, he made $12,000 profit with his $150 account in only 30 days! After his results were verified, he became famous on Wall Street as one of the best forecasters of all time.
What are Gann's three main areas of prediction?
The markets are geometric in design and in function. Based on these three premises, Gann's strategies revolved around three general areas of prediction: Price study: This uses support and resistance lines, pivot points and angles.
What is a gann angle?
Gann angles are most commonly used as support and resistance lines. But many studies have support and resistance lines. What makes this one so important? Well, Gann angles let you add a new dimension to these important levels—they can be diagonal.
What is the Gann study?
What Are the Gann Studies? In 1908, Gann discovered what he called the "market time factor," which made him one of the pioneers of technical analysis. To test his new strategy, he opened one account with $300 and one with $150.
What was the name of the book that Gann published?
As this publication gained notoriety, Gann published several books—most notably "Truth," which was hailed by The Wall Street Journal as his best work. Finally, he began releasing the techniques that he used to make these forecasts: the Gann studies.
Can Gann achieve above average returns?
However, if the system is followed and sufficient research is put into finding the optimal requirements, above-average returns should be attainable.
What Are The Gann Studies?
Constructing Gann Angles
- Before we begin, it is important to realize that this form of analysis—like most forms of technical analysis—is not set in stone but constructed out of empirical methods. Without further ado, here is the process used to construct a Gann angle: 1. Determine the time units: This is one of the empirical processes. One common way to determine a time unit is to study the stock's chart an…
Using Gann Angles
- Gann angles are most commonly used as support and resistancelines. But many studies have support and resistance lines. What makes this one so important? Well, Gann angles let you add a new dimension to these important levels—they can be diagonal. Here you can see how Gann angles can be used to form support and resistance levels. Diagonal trendlines are commonly us…
The Bottom Line
- Is it possible to predict the future? W.D. Gann probably thought so, and he seemed to have proved it with his wildly successful returns. The system is relatively simple to use but difficult to master. After all, it was Gann's uncanny ability to fine-tune his techniques that led him to enormous profits—the average investor is not likely to obtain these kinds of returns. Like many technical to…