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2 U% s0 s; y! C/ O1 u原文:) k% T9 C5 S4 S( k0 C
IMPORTANT POINTS TO REMEMBER IN FORECASTING
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TIME is the most important factor of all, and not until sufficient time has expired does any & M3 A$ e5 A; k# y, E6 j# E
big move up or down, start. The Time factor will overbalance both Space and Volume.
4 m' d' J' h3 \, B3 cWhen Time is up, space movement will start and big volume will begin, either up or down.
- a8 P8 h4 T, pAt the end of any big movement – with monthly, weekly, or daily – Time, must be allowed
% `6 [: o# `; d0 F& ffor accumulation or distribution.
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Consider each individual stock and determine its trend from its position, according to distance 7 K" H* w% X. }( u1 B% H
in time from bottom or top. Each stock works out its 1, 2, 3, 5, 7, 10, 15, 20, 30, 50 and 60-$ O4 D3 C5 O8 G3 C/ C2 r8 K- _
year cycles from its own base or bottoms and tops, regardless of the movements of other
/ F, I- o3 P% g5 astocks, even those in the same group. Therefore, judge each stock individually and keep up
! q9 @" c( N2 A9 J1 Rweekly and monthly charts on them.0 Z. T$ c% v2 \* f, P
& N, H7 H6 u5 P" H6 y" {Never decide that the main trend has changed one way or the other without consulting the 5 R! x k6 ]9 v/ ]$ B5 }/ W: Z, S1 k
angles from top or bottom and without considering the position of the market and cycle of 2 E4 e/ V/ S. q. @, q" B
each individual stock.: \( a) r2 ?' c; U& a* n7 |
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Always consider the annual forecast and whether the big time limit has run out or not before # G$ q! i8 ?: @' L: n. @
judging a reverse move. Do not fail to consider the indications on Time, both from main tops
1 k. b0 W5 o* ]' H [$ eand bottoms, also Volume of Sales and position on Geometrical Angles.: Y2 Q) X6 P2 V
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A daily chart gives the first short change, which may run for 7 to 10 days; the Weekly Chart
& C4 S7 i/ W6 m7 O/ ~gives the next important change in trend; and the Monthly the strongest. Remember, weekly
' R' L9 ], W4 j0 p) umoves run 3 to 7 weeks, monthly moves 2 to 3 months or more, according to the yearly cycle, % E: C6 p, q' k* `: i
before reversing.
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! _! ?' N6 l h+ n0 t+ _Yearly bottoms and tops: it is important to know whether a stock is making higher or lower
2 m% _5 u- x$ n g' T/ V7 wbottoms each year. For instance, if a stock has made a higher bottom each year for five years,
" y% W w4 H# ]1 q& Q* wthen makes a lower bottom than the previous year, it is a sign of reversal and may mark a long
+ K x4 B4 [% i# t6 Bdown cycle. The same rule applies when stocks are making lower tops for a number of years
3 O& |* h/ b {% C5 tin a bear market.) i; V. ]! a& }' R3 y% q
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When extreme advances or declines occur, the first time the market reverses over 1/4 to 1/2 of 2 l1 u0 w8 Q' E9 ]
the distance covered in the previous movement, you consider that the trend has changed, at
1 g& n ~/ V+ ?% t" Jleast temporarily.) I% n* w" r* K8 `4 j8 c) n* P+ h
2 P1 }' U, z; ZIt is important to watch space movements. When Time is running out one way or the other,
& J9 }: a. C1 gspace movements will show a reversal by breaking back over 1/4, 1/3 or 1/2 of the distance of ( e9 O0 v4 e! Q+ `6 L) r5 }" Y
the last move from extreme low to extreme high, which indicates that the main trend has & q& ?7 q: b2 W
changed.$ v) b7 ?: H- n& @( m, F
, P5 L" Q+ W; V' i7 HStudy all the instructions and rules that I have given you; read them over several times, as 8 T9 G$ f5 f9 F/ c+ L5 p: _
each time they will become clearer to you. Study the charts and work out the rules in actual # W B: C" P8 J* r5 e5 {4 ]
practice as well as on past performance. In this way, you will make progress and will realize # g4 u: w5 L7 [% b+ n5 C8 d- P
and appreciate the value of my Method of Forecasting.
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