SPX and 2010 rallies:

SPX pivot zones:

and max weekly readings:

OEX, NDX and DJIA weekly:

SPX and past rallies:

SPX and Pivot Zones:

SPX update:

It is surprising, given the amount of research and analysis going into Gann's methods and writings, that it is difficult to find a study analyzing how his MTF would compare to real time data. The table below shows the correlation between MTF and DJIA for the period 1900-2010.

The up cycle kicked in and dragged prices back within the uptrend channel:

SPX daily: