M AY S OY B EANS S QUARE OF 67 - T IME P ERIODS FOR D AYS , W EEKS , M ONTHS
MAY SOY BEANS SQUARE OF 67
TIME PERIODS FOR DAYS, WEEKS, AND MONTHS
July 27, 1939 May Soy Beans Futures sold at the lowest price in history, 67¢ per bushel, therefore, the square or balancing of this price is 67 days, 67 weeks, or 67 months. The square of 67 is enclosed made up on tracing cloth so that you can lay it over the Daily, Weekly or Monthly High or Low Chart and see the position in the square and the resistance based on time and price. This square shows the resistance levels in price of 1/8, 1/4, 1/3, 3/8, 1/2, 5/8, 2/3, 3/4, 7/8 and 67 the complete square. The time periods moving across the bottom and the top of the chart from left to right are also divided up into periods of 1/8, 1/3, and 2/3. The first complete time cycle of 67 or the first square is marked 1 with a ring around it and on up to the 12th square in time. The price periods are marked the same way.
You will note that 436-3/4, the highest price that May beans ever sold, was at 1/2 of the square. It was in the 7th square and was 6ẵ squares up in price. This was from 0 but the total gain from 67 to 436-3/4 was 369-3/4, and 5ẵ x 67 is 368ẵ.
When an extreme high or an extreme low, price is reached it is important to check the time periods to see how the price and time works out on the angles and in the square.
1948, January 27th, was 102 months from July 27, 1939. This was 1 square of 67, and 35 in the second square. You move over to 35 and up to the price of 436, and you find it is 1ẵ time periods over the half of the square but at the 45-degree angle moving up from 0 making this a resistance and selling level based on both time and price.
1948, January 15th, was 3095 days, from July 27, 1939, which was 442 weeks and 1 day. 402 is 6 squares of 67, and this gives 42 in the 7th square, and 42 is 5/8 of 67, and the price was at 6ẵ squares of 67. The price equalled 180 degrees, a strong resistance level and the time period equals 225 degrees, a strong resistance level and a price to sell short with a stop-loss order at 440.
It requires 4489 days, to square 67 in time. This period expired in 1951, November 10th. Note the position of May Beans and other beans at the time and you will see how well the time periods correspond with the price.
4489 days, gives 641 weeks and 2 days. Note that 637 is 9ẵ x 67 and 641 is 4 weeks beyond the half of the square.
1953, February 5th, is 706 weeks from July 7th, 1939. Note that 670 is 11 squares of 67. This gives 36 weeks in the 12th square. Follow line 36 up till you reach the price scale. This comes out on a 45-degree angle at a price of 304. May Beans were selling at 292. Note that 292 is at the 3/8 resistance level in the 5th square of 67. Therefore, they were in a weak position because they were below the time period.
The time period was just beyond the 1/2 of the square. Note that 10ẵ squares of 67 is 703ẵ weeks and for the price to be strong, it would have to be above 304.
Feb. 6th May beans declined to 385-1/4. Note that this is 1/4 of the square of 67 and a minor resistance level but the end of the 4th square of 67 is 268.
1953, Feb. 5th, was 4942 days from July 27, 1939. This was 73 squares of 67 and 51 days over. In other words the calendar time period was 51 days in the 74th square. Note that 50 days is 3/4 of the square of 67 and, of course, Feb. 4th was 50 days in the square or at the 3/4 point. The price closed at 292 on Feb. 4th, which was at the 3/8 point. This showed on the daily that the price was in a weak position and the main trend was down. Therefore, on monthly, weekly and daily the main trend was plainly down based on the position in the square of 67. Note that Feb.
21st on the daily chart will be at the end of the 74th square from July 27,1939, therefore, this is an important date to watch for a minor change in trend. Suppose the price should be at 276, which is 1/8 of the square, or at 268, which is the end of the 4th square, it would be important for support and a rally.
1920, Feb 15, cash beans high 405. Feb. 15, 1953 will be 396 months. Note that 395 is 7/8 of 67, that is, it is in the 6th square. The square of 20 is always very important and this is 400 months, therefore, June 15, 1953 will end the square of 20 and be important for a change in trend on July or November Beans.
1932, Dec. 28th cash beans low 44¢, for this we will use the square of 44. 1952 Dec. 28th was 240 months, a 20-year cycle. Feb. 28, 1953 is the 242 months from the extreme low. Note that 242 is 4ẵ [5ẵ?] squares of 44, showing this to be a strong resistance in time and 286, is 6ẵ squares of 44. Therefore, when the price sold at 285ẳ on Feb. 6th it was at the halfway point in price and the time is at a halfway point, which is what caused the fast break. The 1/4 point in the 7th square of 44 is 276 and the end of the 6th square is 264. 2/3 of 44 is 293 and 3/4 of 44 is 296 in the 7th square of 44 which is always important when the price goes back below 3/4 it never recovers above it after it reached the month of February which was 1/2 from the square of 44 in time and in the 5th square. Both the square of 44 and the square of 67 can be used to determine time and price resistance. Also use the Master Calculator and square of 144.
You can lay the chart on tracing cloth over your daily, weekly, or monthly chart and get the correct position on time in the square and you will be able to see when prices are in a strong or weak position.
Long years of research and working out the natural squares and the square of the high, low price and range are very important in determining the major and minor change in trend.
You must continue to check these time periods with price resistance levels and you will learn more about how to use the square of 44 and 67 for Soy Beans and the square of 144.
You can also use a Master Square of 144 for time and price periods because by laying it over the charts you can get any square from 1 to 144. The Master Square of 144 gives the price and trend calculation, and you should always use the Master Calculator from all important highs and lows.
[unsigned]
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W. D. GANN February 7, 1953.