W.D Gann the best market forecaster of all times

19 February 2016, 19:47
Muhammad Elbermawi
0
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W.D. Gann was nicknamed Wizard of Wall Street. He managed to forecast developments of a bull market with utmost accuracy. One of his amazing forecasts was published in December 1921. He gave his outlook for the equity market in 1922. He projected that the first wave of a rally would fall on April, the second bull wave would take place in August, and the final wave would be seen in the period of October 8-15. The market developed exactly this way. Average prices of 20 industrial shares reached their peak on October 14. They declined by 10 pips in the following 30 days.


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