The Wheel of 24 chart was one of the charts used by W.D. Gann in identifying market turning points. Optuma has developed the Wheel of 24 using the same graphical power as the Square of Nine chart. The Wheel of 24 chart requires the Gann tool module add-on, and can be opened from the Gann folder located under the New menu button.
See also: Static Wheel of 24 tool. The Wheel of 24 (also known as a Gann Wheel) is a circular numerical chart which by default starts with 1 from the centre and completes one cycle by filling up 24 sections of the circle with 24 incremental numbers moving anticlockwise. W. D. Gann sometimes called it the Wheel within Wheel.
Overlays: Choose the angle, colour, and starting point of your overlay. For example, a 120 degree overlay can be applied along with a 90 day overlay from a different position. See the Properties section below for more details on Overlays.
Wheels: The wheels around the outside of the Wheel of 24 grid can also be customised for direction and display, such as year, day, degrees or planets (requires Astro module). More in the Properties section below.
Grid settings: By default the Wheel of 24 starts with one in the centre, and each ring that progresses adds numbers to the series in increments of one, in an anti-clockwise direction. However, you do have the ability to change both the increments and the starting value to anything of your choice - even a negative number.
Restore Default Settings: Click this action if you have adjusted the default settings of the Wheel of 24, and wish to return to the standard properties originally installed with Optuma.
Bar Angle: This option allows the angle of the to be set manually (e.g. zero degrees is horizontal, 90 degrees is vertical when the Wheel display is set to degrees and starting West).
Highlight Colour: Sets the colour to be used when highlighting a particular value. A value is highlighted when you double left-click on it. You can have multiple values highlighted with different colours.
Planet Factor: By default this is set to 1, but because planets can only be between 0 and 360 degrees change this value to display above 360. For example, if Mars was at 206 degrees and the Planet Factor was set to 2 then 412 will be highlighted with the Mars glyph.
W. D. Gann is acclaimed for publishing mysterious numbered wheels and diagrams used in his projections of price and time. The wheels and constructs Gann published represented "veiled reminders" of very powerful applications of the Law of Vibration which Gann previously taught orally to his students. Only by understanding the hidden mathematical precepts and Law of Vibration behind these wheels and "squares" can they be used successfully. Gann the wheels to be used within the context of his other tools, such as the trend-predicting Arcana, Cycles of Progression, and Top & Bottom Finder.
If you are looking for a Gann Wheel of 24 or Square of 9 to alone predict when the market will go up and down and to what price it will go, please stop wasting your time and money on Gann folklore. W. D. Gann used wheels and squares in a much different way than commercial practitioners use the ones he published. Special settings, based on the Law of Vibration, are necessary to narrow down precision targets.
The formula behind each wheel and square to accurately project price and time in each market and timeframe is broken down in detail in our "W. D. GANN: MASTER THE MARKETS" Training.TRADING WITH THE NUMBERED SQUARESClick the graph to the left to expand the back-testing results on AAPL stock intraday trades according to its numbered square for the first 7 months of 2022. Each stock or future vibrates to its own numbered square according to Gann's formula. AAPL has its own unique numbered square, derived by the objective calculation. The trading consists of a simple price-break each day.
Below is a more granular breakdown of the prices appearing on a chart. A couple consecutive days of a simple use of Wheel of 24 and Square of 9 on JPM stock on an intraday 2min chart. The vibration of JPM goes back to the 1700s, and is little tricky to capture. Based on the Law of Vibration, each day's vibration can vary as well. Note the integration of both the Wheel of 24 in blue lines and Square of 9's 90 degree hashes in fuchsia. Scroll through and enlarge the 2 pictures in the gallery below.
W. D. Gann used the Wheel of 24, Wheel of 12, and the Square of 9 together. He has specific functions for each numbered wheel and square. Each arrangement involved tuning to the market and timeframe using the Law of Vibration, and considering which other technique Gann paired the squares and wheels with.
On the above chart for 5-31, we see first notice that the 90 degree hashes in fuchsia are dead on for catching the resistance of price in the major moves of the day. The real vibration of JPM produces several resistance points. But the Wheel of 24 blue lines are fewer, and confirm major points of price confluence between the 2 techniques.
The lower blue line is where we would expect the first price resistance- the only real planetary opposition of the day. Now, let me underscore here that there is only 1 of these points, not 5 others. Situated very close to the 180 degree square of 9 reference, we would expect strong resistance here. Next, we find price 180 degrees opposite itself on the Wheel of 24 with the higher second blue line. Again, extremely close to the 270 degree Square of 9 point. We would also expect strong resistance here. Follow the same example, the next slide shows blue Wheel of 24 lines at the same identical resistance points on June 3rd.
The above gallery takes W. D. Gann's Wheel, Square, and Range analysis to his highest level, combining all 3 for deadly accuracy. Scroll through the gallery above and click to expand the pictures. The confluence of all 3 of these Gann price methods enable you to be sure where the buck stops.
Gann's projections integrated the numbered squares and wheels with the Law of Vibration; as Gann projected specific targets and bounces. Click here for our short target and bounce projections in advance of the market through the Black Swan Crisis.
We confront today a question of first impression: whether a boat qualifies as a homestead under article XVI, sections 50 and 51 of the Texas Constitution. Since 1845, our state constitution has protected a homestead from forced sale to satisfy the claims of creditors.[1] Thomas Norris claimed his 68-foot yacht as a homestead to shield it from bankruptcy creditors, prompting the United States Court of Appeals for the Fifth Circuit to certify this question to us: Does a motorized waterborne vessel, used as a primary residence and otherwise fulfilling all of the requirements of a homestead except attachment to land, qualify for the homestead exemption under Article 16, 50 and 51 of the Texas Constitution? [2] Under the facts presented in this case, and given the Constitution s explicit realty-based language, we answer the question, No.
In September 2003, Norris filed a voluntary bankruptcy petition under Chapter 7 of the United States Bankruptcy Code.[3] Under the Code a debtor may claim a homestead exemption as allowed by state law.[4] Norris claimed his 68-foot yacht as exempt property under the Texas homestead exemption. The boat, which Norris valued at $399,000 in his bankruptcy schedules, has four bedrooms, three bathrooms, a galley, and an upper and lower salon. Although his petition indicated that his street address was 13909 Nacogdoches Road, San Antonio, Texas, Norris testified at a January 2004 bankruptcy court hearing that the address is a business postal center where the Norrises receive mail. Norris further stated that he took up permanent residence on the boat after the Norrises sold their previous home in Lake McQueeny, Texas, in 2000, and that the boat is his only home. Norris s attorney stated at the hearing that primarily, [Norris] lives on that boat while it s dry-docked at Corpus Christi, and that the boat received water, phone service, and electricity through connections to a dock. Norris also testified at the hearing that since purchasing the boat in 1997 he had cruised extensively to places such as New Orleans, Florida, and Alabama. At the time the bankruptcy petition was filed in September 2003, the boat was docked in Port Aransas, Texas. Norris testified at the January 2004 hearing that he had moved the boat to a marina in Corpus Christi, Texas, where he had a month-to-month lease. Although the boat is described in the record as dry-docked, there is no indication that Norris ever permanently affixed the boat to real estate or intended to do so.
The bankruptcy court held that the Texas homestead exemption, even broadly construed, does not include boats. The federal district court agreed, concluding that the boat was a movable chattel by virtue of its self-powered mobility and not entitled to homestead protection.[5] Norris appealed to the Fifth Circuit, which certified the question to this Court.
Neither the Texas Constitution nor the Property Code defines homestead with specificity. Section 50 of article XVI shields homesteads from forced sale, providing generally that [t]he homestead of a family, or of a single adult person, shall be, and is hereby protected from forced sale, for the payment of all debts . . . . [8] Section 51, in turn, restricts the maximum size of a protected homestead, limiting rural and urban homesteads by acres of land and including any land-based improvements.[9] The Texas Property Code resembles section 51 and likewise describes a homestead as a home or a home and business with certain acreage limitations with any improvements thereon. [10] Though neither of these provisions expressly exclude boats from homestead protection, they both discuss homesteads in terms of land and any improvements that sit atop the land.[11] More specifically, when describing the scope of the protection, section 51 and the Property Code state the acreage limitation and then variably say, when describing any attached structures, with the improvements thereon or with any improvements on the land or with any improvements thereon.
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