W D Gann Ticker Interview Part -II

W D Gann Ticker Interview Part -I

“The power to determine the trend of the market Is due to my knowledge of the characteristics of each individual stock and a certain grouping of different stocks under their proper rates of vibration.

Stocks are like electrons, atoms,and molecules,which hold persistently to their own individuality in response to the fundamental Law or Vibration. Science teaches that an original impulse of any kind finally resolves itself into periodic or rhythmical motion,’ also ‘just as the pendulum returns again in its swing,just as the moon returns in its orbit, just as the advanding year ever brings the roses of spring, so do the properties of the elements periodieally recur as the weight of the atoms rises.’

“From my extensive investigations, studies and applied tests, I find that not only do the various stocks vibrate, but that the driving forces controlling the stocks are also in a state of vibration. These vibratory forces can only be known by the movements they generate on stocks and their values in the market. Since all great swings or movements of the market are cyclic they act in accordance with periodic law.

“Science had laid down the principle that ‘the properties of an element are a period function of its atomic weight.’

A famous scientist has stated that ‘we are brought to the conviction that diversity in phenomenal nature in its different kingdoms,is most intimately associated with numerical relationship. The numbers are not intermixed,chaotically and accidentally, but are subject to regular periodicity. The changes and developments are also seen to be in many cases undulatory.’

“Thus, I affirm, every class of phenomena, whether in nature or in the stock market, must he subject to the Universal Law of Causation and Harmony. Every effect must have an adequate cause.

“If we wish to avert failure in speculation we must deal with causes. Everything in existence is based on exact proportion and perfect relationship.There is no chance in nature,because mathematical principles of the highest order lie at the foundation of all things. Faraday said:

‘There is nothing in the Universe but mathematical points of force.’

“Vibration is fundamental; nothing is exempt from this law; it is universal, therefore applicable to every class of phenomena on the globe.”

“Through the Law of Vibration every stock in the market moves in its own distinctive sphere of activities, as to intensity, volume and direction; all the essential qualities of its evolution are characterized in its own rate of vibration. Stocks,like atoms, are really centers of energies, therefore they are controlled, mathematically. Stocks create their own field of action and power; power to attract and repel,which principle explains why certain stocks at times lead the market and ‘turn dead’ at other times.Thus to speculate scientifically it is absolutely necessary to follow natural law.”

“After years of patient study I have proven to my entire satisfaction as well as demonstrated to others that vibration explains every possible phase and condition of the market.”

In order to substantiate Mr. Gann ‘s claims as to what he has been able to do under this method, we called upon Mr. William E.Gilley, an Inspector of Imports, 16 Beaver Street, New York. Mr. Gilley is well-known in the downtown district He himself has studied stock market movements for twenty-five years, during which time he has examined every piece of market literature that has been issued and procurable in Wall Street It was he who encouraged Mr. Gann to study out the scientific and mathematical possibilities of the subject. When asked what had been the most impressive of Mr. Gann’s work and predictions,he replied as follows:

“It is very dff1icult for me to remember all the predictions and operations of Mr. Gann which may be classed as           phenomenal, but the following are a few:

In 1908 when Union Pacific was 168.118,he told me that it would not touch 169 before it had a good break. We sold it short all the way down lo 152-S/8,covering on the weak spots and pulling it out again on the rallies, securing twenty-three points profit out of an eighteen-point wave.

“He came to me when United States Steel was selling around 50 and said “This Steel will run upto 58 but it will not sell at 59. From there it should break 16-3/4 points. ‘We sold it short around 58-3/4 with a stop at S9.The highest it went was 58-3/4.

From there it declined to 41 1/4 – 17 1/2 poh1ts.

“At another time wheat was selling at about 89 cents.He predicted that the May option would sell at $1.35. We bought it and made large profits on the way up. It actually touched $1.35-112.

“When Union Pacific as 172, he said it would go to 187 7/8 but n ot an eighth higher until it bad bad a good break. Itwent to 184-7/8 a.nd came back from there eight or nine times. We sold it short repeatedly with a stop at 185 and were never caught. It eventually came back to 172-1/2.