Where the three markers stand for today, Friday October 13, 2017

Yup, I'm watching it.  Let's clarify the three marks that were set for today.

But first, I always keep an eye peeled for the bizarre details.  The last two completed essays and the numbers of my very few readers who have read my previous two essays:

72 and 144; this happens all the time, a notable number (or two) pops up.  Most in our world dominated by the Randomites would say I'm suffering from the delusion of the main characters of the movies "Pi" or "23."  The contemporary Sherlock Holmes (portrayed by Benedict Cumberbatch), as I've quoted before, would say every detail is interwoven and not a single detail is not without a place.  

1.  DJIA will reach a new "ATTH" or all-time trading high or intraday high.  This comes from TTTTA page 4 and is highlighted in red:

I'll claim "ATTH" is a bonafide prediction Mr. Gann made, make that computed, 90+ years ago.  You have NYSE in green and "tommy" in blue who is claimed by me as Thomas Farley, the President of the NYSE Group.  Not perfectly convincing, but more than enough for me.  We also have "tom" in orange which is the vertically inverted "MOT" that I have been using to abbreviate the Map of Time. And we have perhaps a commentary in the lavender color, two words, "bad ego" to indicate the precariously elevated level of the NYSE.

And we made a new intraday high today.  I agree, even if you concede we have a prediction, what's the odds that today would be a new ATTTH?  If it we me making the prediction last week, well, the DJIA is making news highs about every third day?  But TTTTA was published in 1927.

If you agree a prediction was made 90 years ago, well it was a pretty good one.  

Now, the "so what."  Well, if Mr. Gann went out of his way to make the prediction, why did he do it? We've got to think he saw something important about it, like an historic high.  Is it the last high before a great decline?  We won't know the outcome of that implication for weeks, months, years to come.

The prediction was realized, but the so what?

2.  Maybe the first prediction will have 'gravitas' if the second is realized at the close.  The second perceived prediction is that the market will close down at 22544.  It isn't as clearly a prediction as "ATTH."  Look at the above insert and the uncolored telestic letters appearing on lines 15108 to 15102 (obscured by the blue arrow); t-t-n-d-m.  Using the Pythagorean table given to us by Luo Clement, that's 22544.  

I couldn't make heads or tails of those 5 letters in the context of all the other words spelled in the above insert.  They had to be a price and pretty close to the present levels.  But DJIA had already made an intraday and even closing high above 22544 last week when I offered my interpretation; that the 22544 was Mr. Gann's prediction of the close, having already predicted there being an intraday high.  Maybe he was predicting the intraday high today but his math was off.  I don't know.

It is noon EST at the moment.  The market has made its new intraday high, marked a low below the opening (invoking thoughts of the Larry Pesavento's "Opening Price Principle" - DJIA was spiked below the opening price at 11am BTW) and started back up:

  

This second "prediction" really doesn't rise to being called a prediction.  It's my perception that Mr. Gann predicted the down close that would be an 'outside down day.'  A really bad candle.  But its not like he really spelled it out.

I have found an alternate or secondary message for the 22544 that I'll provide next week.  Maybe it is or maybe it is not an intended prediction.

But how are we going to feel about it being a prediction if today closes more than 400 points below the intraday high?  Jury is out on this one for another four hours.

3.  As I've mentioned before, this one is not Mr. Gann's prediction.  Its my prediction today's intraday high will be 22953 before a collapse to the 22544 close aforementioned.  Its simply some math I noticed based on time and a notable mathematic constant.  Unlike the foregoing two items, I give the probability of my ability to make a valuable prediction as low than a snake's belly.  All I can do is try to interpret someone that could make such predictions.  

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That's where we stand; #1 has been realized, #2 remains highly unlikely (340 point decline from mid day to close), and #3 is out to lunch at lunch time.

#1 is pretty neat but hardly earth shattering.  It'll be very interesting to see where DJIA stands a week, month, year from today.  But it #2 occurs, well, game on.

Jim Ross