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9 U/ R& K# n; V. }原文:
: f" y# ?1 |, a& W/ bIMPORTANT POINTS TO REMEMBER IN FORECASTING
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( g: a: m8 `3 s" RTIME is the most important factor of all, and not until sufficient time has expired does any + H% a+ T# z. Y1 d
big move up or down, start. The Time factor will overbalance both Space and Volume.
$ l$ y3 a7 p* x$ X! ~, d9 ~When Time is up, space movement will start and big volume will begin, either up or down. ) h* @# t3 p" R% P( W) m5 K7 ?
At the end of any big movement – with monthly, weekly, or daily – Time, must be allowed
( v! j* k+ p1 ~, F; @for accumulation or distribution.
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Consider each individual stock and determine its trend from its position, according to distance ; k9 L8 b, I! G- K) r
in time from bottom or top. Each stock works out its 1, 2, 3, 5, 7, 10, 15, 20, 30, 50 and 60-1 A6 \8 D- b6 m: Q% ^
year cycles from its own base or bottoms and tops, regardless of the movements of other 7 J# T9 V1 F/ H6 L$ h. n
stocks, even those in the same group. Therefore, judge each stock individually and keep up - @" U0 f& I# ~% t
weekly and monthly charts on them.) Y) i2 r; f0 b) u& l, @* B
8 `% S* U) b8 R* n9 a" k" ]! u( CNever decide that the main trend has changed one way or the other without consulting the
/ I4 S4 |- {3 y/ Aangles from top or bottom and without considering the position of the market and cycle of
5 T( Q+ O5 w0 H, Deach individual stock.
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Always consider the annual forecast and whether the big time limit has run out or not before , x- H; P! u" Z. m$ `+ C! B; `
judging a reverse move. Do not fail to consider the indications on Time, both from main tops # E; U# s6 P8 P+ @+ A/ {
and bottoms, also Volume of Sales and position on Geometrical Angles.( a6 Y& z% X) G$ \( T
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A daily chart gives the first short change, which may run for 7 to 10 days; the Weekly Chart & F+ `& c/ G- K4 ? }
gives the next important change in trend; and the Monthly the strongest. Remember, weekly( K% w7 ]4 ~+ e$ M8 o
moves run 3 to 7 weeks, monthly moves 2 to 3 months or more, according to the yearly cycle,
) C( j0 Y( o; ^2 J, Y* O Pbefore reversing.
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% U! a1 w' e/ l& [: E1 J1 IYearly bottoms and tops: it is important to know whether a stock is making higher or lower % l* ?( ~+ w4 r& ~& e5 \& M
bottoms each year. For instance, if a stock has made a higher bottom each year for five years,
! O @& l% w+ [+ t" n. Uthen makes a lower bottom than the previous year, it is a sign of reversal and may mark a long ; V( V N* q9 _; X( E: s/ W5 @
down cycle. The same rule applies when stocks are making lower tops for a number of years
4 M- }+ B8 m. [. m; P# b; _: tin a bear market.5 T& @8 k! S$ f/ L& q
9 y" |! `6 L7 g) \6 w' {When extreme advances or declines occur, the first time the market reverses over 1/4 to 1/2 of
; W9 F8 T0 @4 N, M d* Nthe distance covered in the previous movement, you consider that the trend has changed, at
* G% [7 s2 |& a7 Zleast temporarily.# h- F E6 O: k; I) r
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It is important to watch space movements. When Time is running out one way or the other,
' g- E4 [# G# t+ g$ N4 Aspace movements will show a reversal by breaking back over 1/4, 1/3 or 1/2 of the distance of , T, N# Y2 |& _! P
the last move from extreme low to extreme high, which indicates that the main trend has # I; }& k. Z! S/ }* S, @4 M
changed.
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9 S$ \! i( f ^Study all the instructions and rules that I have given you; read them over several times, as / A6 S) i+ f; W% K \
each time they will become clearer to you. Study the charts and work out the rules in actual
5 y" p2 A0 a$ z% ]0 hpractice as well as on past performance. In this way, you will make progress and will realize ' a9 e& m' ~# ?0 m' F2 p2 l
and appreciate the value of my Method of Forecasting.
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