Conjecture between the truths

Or at least, between what I perceive or imagine to be the truths I'm given.

Looking back, September 3, 1929 could be described two ways.  It was the day of the all-time-high that preceded the 1929 Crash.  Or it could be described as the first decline of the 1929 Crash; after all, the Dow did not close at the all-time-high that day, did it?

The truth I fancy I've been given is that the decline begins on ascending cumulative line 411, aka descending cumulative line 14931.  That line contains two dates, each of which registered a 2018 all-time-high.  Neither of which closed at the all-time-high.

Duh.  It still isn't over as I read what I've written above.  Its over or just beginning this Monday, September 24.  Think about it.

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Vanity is so irrelevant.  Used to be I'd be sensitive that, in all my glory, I could not predict the future with my advanced intellectual methods and discoveries (said with self-derision).  I'd place six figures bets on front month options as if to prove the point to myself....and more often than not, and ultimately, fail.  Today, hardly so much vanity or money riding on outcomes.

WD Gann is criticized, by those who hold as the highest criterion of achievement as the accumulation of wealth, for not having great wealth.  How could a man know so much about markets and not be the wealthiest of all men?  Maybe, just maybe, his values and measurement of self worth were not those shared by Wall Street contemporaries.

'Its all relative,' as Albert Einstein, waxing philosophical might say.  What is the 'starting point,' the point of reference, the point from which measurement is taken?  Is it fame and fortune which exists only until our lives end?  Or, is it knowledge and understanding, values that exist, I suppose, beyond our time here?

When I started this chain of essays, I claimed I wanted to know why it was I thought I knew enough about the market to make so much money and then lose so much money....how Mr. Gann had achieved those things claimed in the Ticker Interview.  But the reality was still the desire to reclaim that wealth and to reclaim that self importance.  All vanity and self delusion.

These days, I put $1000 on my bets rather than multiples of $100,000 and I don't really care all that much about being wrong.  Honestly.  I find it as easy to write the epitaph to a perceived insight that failed as boast the one that worked.  (Hmmm, can't think of an instance the latter.) 

At the bottom of it, the intrigue to me is the belief I've had during my boom years and bust years; that time and price are integrally and mathematically related.  Not statistically related implying randomness, but causally so implying implying law.  As time and space in Minkowski's and Einstein's world morph to the causally related 'spacetime" and are considered the substance of gravity in modern theoretical physics, given one or the other, then the other must be (have been) determined.

So, I'll cling to my "guns and Bible" (as a contemporary so derisively referred to his step mother who raised him, and her ilk) until my line of thought is refuted.  Hardly an unlikely event.

Nevertheless, I just cannot believe the rule(s) I've derived through so many hours, days, weeks, months, is wrong.  Well, not yet.  But, if it is, I'll resolve to work harder.

Jim Ross