Summary
This email is the first Gann update of the new Gann year (which resets at the March equinox, ~March 21), reviewing Phil Anderson’s February 22 forecast against actual DJIA price action around the March 20 equinox. It applies mid-point price analysis to the January 29 low and the March 22 equinox-adjacent low to project a potential DJIA top near 35,156 in May 2021, consistent with PSE’s 2021 Share Market Road Map forecast of a May top.
Key Claims
- The Gann year resets at the March equinox (March 21), not January 1 — confidence: high
- The DJIA made a full moon low of 29,854 on January 29, 2021, as previously forecast — confidence: high
- The DJIA hit a high of 33,235 on March 18, then declined ~4% (1,169 points) to a low of 32,071 by March 25 — confidence: high
- March 22 (first trading day after the weekend equinox) produced an inside bar low of 32,505, which was also the 50% level of the March 18–March 25 down range — confidence: high
- The March 22 low of 32,505 is proposed as the mid-point of the range beginning from the January 29 low of 29,854, implying a range of 2,651 points — confidence: medium
- Adding 2,651 to the March 22 mid-point low projects a potential May top of approximately 35,156 (~7% upside) — confidence: medium
- PSE’s 2021 road map calls for a market top in May followed by a descent — confidence: medium
Mex Pete References
None.
Stock Picks / Signals
None.
Predictions / Forecasts
- DJIA potential top ~35,156 in May 2021, derived by adding the January 29–March 22 half-range (2,651 points) to the March 22 low of 32,505
- Forecast aligned with PSE 2021 Share Market Road Map, which independently projects a May market top before a decline
- Phil Anderson’s prior call (Gann Email #06, February 22): expected DJIA to move higher into March 21, with March 21 potentially marking the price midpoint between the January 29 low and an early May top — this is assessed as having played out approximately as described
Notable Quotes
“If the Dow is higher at this time, perhaps March 21 may mark mid way, price-wise, between 29 Jan and a possible early May top.” — Phil Anderson, Gann Email #06, February 22, 2021
“Trade the market not the forecast.” — PSE Team standing disclaimer