W. D.

GANN ON USING
MULTIPLE TIME FRAMES
IN TRADING THE FINANCIAL MARKETS

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 W. D. Gann
on Using Multiple Time Frames
"Keep up the daily, weekly, monthly and yearly high and low charts according to the rules and examples given and
judge the stock accordingly. This is the new and proper way to read the stock tape. ... The weekly high and low chart
is much more valuable than the daily chart because it contains 7 times as much time. The monthly high and low chart
is a better guide to the trend than the weekly chart, because it contains over 4 times as much time as the weekly and 30
times as much as the daily chart. The yearly high and low chart is the best guide to the main trend... the difference in
the time periods is what makes the difference in the advance after the Resistance Levels are crossed on the daily,
weekly, monthly, and year charts." Wall Street Stock Selector, pp. 42, 44-45, 47

"Remember that you should always watch the Daily Chart for the first indication of the change in trend and at the
same time look at the position on the Weekly Chart or 7 day time periods which is next in importance. The Monthly
Chart is of the greatest importance for changes in the main trend." "W. D. Gann Mathematical Formula for Market
Predictions: The Master Mathematical Price Time and Trend Calculator," p. 2

"When you are squaring out Time on a daily chart, look at the weekly high and low chart and monthly high and low
chart and see if the stock is in a strong position and has yet to run out the time periods, because on a daily chart it has
to react and then recover a position, squaring its price many times, as long as the weekly and monthly point up.
Market correction or reactions are simply the squaring out of minor time periods and later the big declines or big
advances are the squaring out of major time periods." “The Basis of My Forecasting Method," p. GA-28

"Always watch your annual trend and consider whether you are in a bear or Bull market. Many times when in a Bull
year, with the monthly chart showing up, a stock will react two or three weeks, then rest three or four weeks, going
into new territory and advancing six to seven weeks more. Always consider whether or not your big time limit has run
out before judging a reverse move, and do not fail to consider your indications on time both from main tops and
bottoms. ... Remember that at the end of any big movement, either monthly, weekly, or daily move, some time must be
consumed for accumulation or distribution. So, you must allow for this. ...

“With the daily, weekly and monthly high and low chart, the important angles cannot be crossed at extremely low
levels, until proper time has elapsed, neither can important angles be broken at high levels until sufficient time has
elapsed. Therefore, the angles are very important because when broken they usually mean that the time has run out,
whether you know it or not, and a change in trend will take place." "Method for Forecasting the Market," pp. 5, 6, 18
"The big profits are made in the runs between accumulation and distribution. Therefore, you make more money by
waiting until a stock plainly declares its trend than by getting in before it starts. It is just like a race. It often takes
fifteen or twenty minutes to get the horses away from the post, but once 'they’re off' the race is over in two minutes. It
is the getting ready that takes the time, the run is soon made, once the firing line is crossed. What difference does it
make whether you buy a stock 10, 20 or 30 points above the bottom so long as you make profits?" Truth of the Stock
Tape, pp. 125-126

"TIME is the most important factor of all, and not until sufficient time has expired does any big move up or down,
start. The Time factor will overbalance both Space and Volume. When Time is up, space movement will start and big
volume will begin, either up or down. At the end of any big movement – with monthly, weekly, or daily – Time, must
be allowed for accumulation or distribution. ... Yearly bottoms and tops: it is important to know whether a stock is
making higher or lower bottoms each year. For instance, if a stock has made a higher bottom each year for five years,
then makes a lower bottom than the previous year, it is a sign of reversal and may mark a long down cycle. The same
rule applies when stocks are making lower tops for a number of years in a bear market." "Forecasting," pp. F-7, F-8

"Always consider whether the main TIME limit, has run out or not before judging a reverse move. Do not fail to
consider the indications on TIME, both from main tops and bottoms. A DAILY chart gives the first short change,
which may run for 7 to 10 days; the Weekly Chart gives the next important change in trend; and the Monthly the
strongest. Remember, WEEKLY moves run 3 to 7 weeks, MONTHLY MOVES 2 to 3 months or more, according to
the yearly cycle, before reversing." "Forecasting by Time Cycles," p. T-6