RULES FOR FAST MOVES UP OR DOWN
The big market moves, like volcanic eruptions, are over very quickly because they are the result of weeks, months, or years of accumulation or distribution. When once angles or resistance are overcome and the accumulated forces are let loose, they move very rapidly until the energy is exhausted and the is up. Check Wheat campaigns of 1917, 1924-25, 1933, 1945-46.Seven weeks or 49 days usually marks the culmination of a rapid move up or down, especially if a major cycle is running out. Somes the top or bottom will be reached on the 52 day, but the change can start anytime between the 42nd and the 49th day, therefore begin to watch for tops and bottoms in the sixth week of a rapid move up or down. This change in trend may be only a minor one. 52 days is one-seventh of a year, which is a very important period. It is also one-seventh of 360° or 51-3/8°. The "seventh" period from the beginning of anything is the most fatal and often marks a rapid change in trend one way or the other.
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