WD GANN: WHY TO KEEP A RECORD OF PRICES
“You should keep charts and records of past market movements because your memory is too short.”
“By studying past history and knowing that the future is but a repetition of the past, you can determine the cause according to the time and conditions. Sometimes it is necessary to go a long way back to determine the cause, because you must study war, it’s effect, the conditions before war and what follows.”
“The average man’s memory is too short. He only remembers what he wants to remember or what suits his hopes and fears. He depends too much on others and does not think for himself.
Therefore, he should keep a record, graph or picture of past market movements to remind him that what has happened in the past can and will happen in the future.” – WD GANN 1942
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