Summary
Phil Anderson walks through how monthly “Gann dates” function as emotional high-water marks and potential reversal points in the market, using 4 March 2021 as a live example. He analyses the Dow chart to identify a bullish structural signal (higher low) in tension with a bearish “failure at highs” the prior week, concluding that a consolidation phase and bull-bear battle is likely underway.
Key Claims
- 4 March 2021 was a monthly Gann date — confidence: high
- Monthly Gann dates tend to produce the most emotional market action and often coincide with key reversals — confidence: medium
- The 4 March low was higher than the prior low, indicating more buyers than sellers — confidence: high
- A “failure at highs” the week prior to 4 March is a bearish signal — confidence: high
- The market action suggests consolidation and a battle between bulls and bears at current levels — confidence: medium
- The Nasdaq 100 moved toward correction territory on Thursday (4 March) before a late-day bounce — confidence: high (Bloomberg-sourced)
- Different indices can form different shapes and patterns; Anderson focuses solely on the Dow — confidence: high
Mex Pete References
None.
Stock Picks / Signals
None.
Predictions / Forecasts
- Near-term Dow consolidation expected at current levels given the bull-bear tension — confidence: low (qualitative, not a specific price or date target)
Notable Quotes
“Over the years, I’ve noted these dates usually see the most emotion each month. They often see the key reversals as well.”
“W.D Gann was a genius and I’m very much looking forward to the study. All of which I will continue to pass on of course.”