At 1975, close to the Thursday high, our longs on daily basis were covered. Based on the time frame, the 1975 should not have arisen before the beginning of April. Since the price target has reached yet this week the following schedule until the time target is in the air:


As on Thursday the main target was not reached exactly the index actually lacks the real power. That's why a short, correction phase on high level seems to be on the way. If the price touches the 2*1 Gann Angle the price should rebound there taking off for the main target again to reach it at last. So, here we might experience a double top at 1176.

But there is also some evidence indicating that before the 05/05/2010 we will see the 2045 very soon!

We are going to go into it further yet.


The target of 1961 that had been forecast for several weeks (GUNNER24 Forecasts, issues 01/03/2010 and 02/14/2010) was reached this week. Besides, also on Thursday, the maximum S&P 500 target of 1080 on monthly basis was reached all the same. But it's far too early for short engagements on weekly basis. At first, the obligatory reversal candle will have to be waited for. But since the situation is pointing to a consolidation on a high level until the 04/11/2010 without having happened even the slightest promise of an exhaustion on daily basis the following scenario gets likely:


Looking at the GUNNER24 Down Setup above, the target of 2045 on monthly basis that was last forecast for the NDX in the GUNNER24 Forecasts, issue 1/31/2010, may happen until the 05/05/2010. As you can see, since May 2009 the price has been rising, following the 4th double arc that is visible in the chart. The important time line at the crossing of the squares is lying on the 05/05/2010. Maybe the stock wise saying “Sell in May and go away” is coming true again.


In terms of price, as well as the NDX or the NQ #, the YM # reached its target that had been forecast for weeks. Here again, a little early. In the final analysis, to the YM # contract the same evidence applies as to the NDX: Consolidation within the next days until the primary Gann Angle will have been reached, then upwards again. There, at the primary Gann Angle or at the break of the 4th double arc, respectively other long engagements can be carried out. On 05/05/2010, the main target (5th double arc) will be at 11100.

With the Friday closing, we opened our first long positions in the GCJ0 


Gold was successfully damped down until the expiry day just like it had always happened in the respective expiry weeks during the last years. And just like nearly always, the day after a counter reaction followed. A Gann Angle reversal buy signal was released by the Friday candle (reversal candle). Target 1150.


Last week, based on the GUNNER24 Up Setup above we prognosticated a week low of 1075 which was not reached. The price turned upwards before. Like you can see the week fell on a time line again. If the time line symmetry continues what I assume now a three week up swing is coming.

The price performance which has not been corresponding with the setup for eight weeks is bothering me enormously. On the one hand, that concerns the last swing low that was lying far underneath the1*1 Gann Angle even though it had actually broken the 1*1 Gann Angle. On the other hand, the low of the last week is concerned which should have found its low at 1075.



We will change to the corresponding 8 Candle Elliptic GUNNER24 Up! Working with elliptic setups we have to keep on with the vector of the initial impulse and to bring in line the last striking price points (highs and lows) with time lines, square lines or Gann Angles, respectively with the simultaneous “shifting to the right” of the blue arc. A blue arc transforms into a blue bend, the squares convert into rectangles.

The Elliptic GUNNER24 Up above is most valid because the all time high is exactly in the intersection of the lower line of the 4th double arc and the important time line and because the swing low is marked in the chart exactly on the 1*1 Gann Angle. The last week low as well. A buy is given on weekly basis as well as in the daily GUNNER24 Up Setup. Last week produced a reversal candle! Target in the weekly GUNNER24 above is 1150, as well.

Let's have a look at the buy signal of the copper, finally.


Examining the actual monthly 2 Candle GUNNER24 Down Setup we recognize that with the 8th month of the down swing a striking low at the 4th double arc was marked. A month later, at the low of the candle marked by the green 1 the actual GUNNER24 Up Setup begins. The next obvious target resulting from the 2 Candle GUNNER24 Down is the 1*1 Gann Angle at 356.


A concrete buy signal results from the actual 5 Candle GUNNER24 Up Setup: The March is going to break the 2nd double arc on closing price basis noticeably, thus clearing the way to the main target that is at 385. We are in the 15th month of the upwards trend now. So, the main target should be reached six months later, in September 2010.

Be prepared!

Eduard Altmann


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