Here is a Change In Trend (CIT) forecasting method that has worked
fairly well in wheat recently. The chart below is the daily wheat chart. I have
added the MarketWarrior aspects indicator and set the indicator to show the
aspect count. When this indicator show a larger than normal period of time when
there are no aspects or a day when there is a large aspect count we can look for
a CIT. On the chart below there was a high aspect count at the start of October
2010 where a bottom occurred. Next there is another high aspect count in the
first week of February 2011. We should be looking for a wheat CIT in early
Here are two screen shots of the Gann Square that I am currently using to trade
gold. This is a square of 144 and the chart is a daily chart for nearby gold
futures. I have started the square at the top of Dec/9/2009 and the starting
point on the square is the middle of the square. On this square you can see the
major Change In Trends (CIT) occurred around the middle of the square and at the
end of the square. A bottom formed at the middle of the square and a top
occurred at the end of the square.
Gann Square and Gold
The picture below shows the first extra extension square which
runs from bar 144 to bar 288. On this square you can see that the major CIT
occurred on the square’s vertical time lines. These are marked by red arrows. At
the current time the gold market has now reached the end of the second square.
The market has fallen into the end of the square, so I would expect a bottom to
form soon after the end of this square in early February.
The two charts below show the value of MarketWarrior planet lines. These lines
are very easy to use. These are two charts for the February 2011 gold futures
contract. On these charts I have added a simple set of Jupiter lines. You can
see gold made tops and bottoms at points A to G against the Jupiter lines. These
lines provide very easy support and resistance levels.