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Since the index represents weighted mean value of above-listed indicators, it is considered that it can forecast economic tendency of the state for half of year in advance. If over the last three months, the index value has negative dynamic, then the conclusion about slowdown of economic development is made. The index is published monthly, during the first week, at 10:00 a.m EST (New York). Respond to published data is minor, though the index is important. Such a respond can be explained by a later publication of the index – in a month after announcing of all its components, therefore, its approximate value is already known.
Popular article: The Gann fan Indicator
William Delbert Gann considered that markets move in accordance with the laws of geometry. One of his major geometrical instruments was the line at an angle of 45º. He also use angles built on the basis of this line. The Gann line is also called a balance angle (1×1), in which one price range corresponds to one time period.
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