We covered shorts and boughtat 4990 on May 11 because the market did not go down the third day.May 16, the 45 degree angle from April 18 crosses at 4995. The 45 degree angle and the 4by I January 24 top crossed at 4960 on May 10, a support point. GANN MASTER COMMODITIES COURSE (May 14, 1949OCTOBER EGGSTREND INDICATIONS ON DAILY HIGH AND LOW CHARTFrom April 18, when the low was 4795, the trend has been up. You will benefit by going over previous high and low prices and checkingthem in connection with the Master Chart. In this way you will get manyresistance levels at the same price which will indicate the culmination at extreme high andextreme low prices. Note that 5040 is 14 x 360 or 2 cycles in the second square of 360, and that5010 is on the 45° angle from 60 cents, and the price of 4995 is on the same angle of 315° from1035, the extreme low or 11 cycles over.When using these Master Charts always consider the time periods from minor tops and bottomsand the geometrical angles on the daily high and low chart. Next we had 180 or half the cycle and this gives 5025 as a strongresistance level. This gives 4845 at the same degree or360 points added to 4485.
In the first cycle of the second square on 165°.
The low of this option was 4485 on November 1,1948. GANN MASTER COMMODITIES COURSE (-4- MASTER 360° SQUARE OF 12 CHART FOR EGGS (contd.)1949 October Eggs for delivery in 1949.
