Summary
Jon Kirk demonstrates how trading the chart beat the news during the March 2020 bottom. Gann’s mechanical signal triggered a buy two days after the March low. Apple shares rose 40%+ in under 90 days from the signal. Kirk argues news is always negative at bottoms and always too bullish at tops — the mechanical chart signal removes emotion. He shows Nasdaq futures and Apple charts to illustrate the buy signal.
Key Claims
- Gann’s mechanical buy signal triggered two days after the March 2020 low. — confidence: high
- Apple rose 40%+ in under 90 days from the March 2020 signal. — confidence: high
- The Nasdaq regained 75% of the Feb-March decline within 30 days — one of the fastest moves in recent history. — confidence: high
- News is always most bearish at market bottoms and most bullish at tops — trade the chart, not the news. — confidence: high
- Following Gann’s rules, you could have doubled applied capital trading Apple over 9 months. — confidence: medium