|
A Letter of Mr. Gann to Dr. John De Jonge On December 30, 1952
Dr. John De Jonge
30 West 8th Street
Holland, Michigan
Dear Dr. De Jonge:
Your letter of December 23rd (1952) received together with Soy Bean Charts which I am returning herewith. You are quite right in your interpretation Soy Beans are getting ready for a big decline and I believe they will decline eventually to $2 per bushel or lower.
The Time period from December 28th 1932 to December 28th 1952 was 20 years and this is very important for a change. The next important Time Period will be February 15th which is 33 years from the high of 405, on Feb. 15th, 1920. Therefore November 15th ,1953 will be 405 months, the square of with price from extreme high and as a rule in the last stages of these great squares this is a sharp decline.
Beans have been in such a narrow range for such a long period of that they should now decline very fast. I am confident that General Elsonhower will bring about peace in Korea and also reach an ment with Stalin which will prevent a third World War. This will be very bearish an all commodities.
For forecasting 1953 you can use the past cycles on wheat using the years 1853,63,73,83,1893; 1903,13,23,33,1943. Consider the 30 and 60 years cycles the most important. Also the 7 years cycles such as 1914,1921,1928, etc.
You will note that the last extreme low was Feb. 27, 1933 and 1954 will be 21st year and the trend should start down in February if it has not already started down.
For many years I have been working on A Master Mechanical Time and Trend Calculator which will not only save 90% the work on Chart but give accuracy in determining the trend, time periods, and resistant level. I finished this Calculator in Sept. 1952 and have patented it and have the charts made up.
You do not have to put on any time period or put any angles on . You lay the Master Calculator on over your chart daily, weekly, monthly and it gives you the trend at a glance together with the next price or resistance level.
One Man who has used this chart and made $78,000 in the past few months paid me $4000 in addition to payments for all my course. He says it is the greatest invention since the “wheel”. If you would like to have it I’ll make you a special price on it. Any human being make a mistake but the Master Calculator prevents mistakes of any kind.
Wishing you a New Year and Great success. I am,
Sincerely yours.
W.D. Gann(signed name) |
|