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原文:
" N+ R& Y- m' H$ _# ^IMPORTANT POINTS TO REMEMBER IN FORECASTING
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+ t! ?: M' G' P' a; N8 E' y$ UTIME is the most important factor of all, and not until sufficient time has expired does any
) e* {2 @5 y0 X- xbig move up or down, start. The Time factor will overbalance both Space and Volume.
J' U3 f Q- K% I0 s0 YWhen Time is up, space movement will start and big volume will begin, either up or down.
( {' x8 R- \; G0 C; fAt the end of any big movement – with monthly, weekly, or daily – Time, must be allowed $ N# ^" `% N! y) ?1 @' Y" S9 N" o
for accumulation or distribution.) E6 ?8 L1 R/ |7 |7 x; D0 [
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Consider each individual stock and determine its trend from its position, according to distance
; V% r- H3 B3 K0 x3 `in time from bottom or top. Each stock works out its 1, 2, 3, 5, 7, 10, 15, 20, 30, 50 and 60-
! t5 Q3 s7 q1 |$ i) K: x/ y8 U6 u9 hyear cycles from its own base or bottoms and tops, regardless of the movements of other 5 ]" M ^3 S) e1 B
stocks, even those in the same group. Therefore, judge each stock individually and keep up 7 B9 z6 }- [# l1 D- v3 g' L( h+ \) g
weekly and monthly charts on them.
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( _- l4 a( @! m/ R$ I- i& cNever decide that the main trend has changed one way or the other without consulting the
0 M5 T* H' s& y1 W2 P# k3 [angles from top or bottom and without considering the position of the market and cycle of ' W4 g1 W! [: C* N; f$ g2 C
each individual stock.1 [0 p! d2 g# D, r
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Always consider the annual forecast and whether the big time limit has run out or not before ' t* H0 w; H9 S: l# {" R. V
judging a reverse move. Do not fail to consider the indications on Time, both from main tops
6 w& ^# v' B4 ^. q- \and bottoms, also Volume of Sales and position on Geometrical Angles.2 @* S1 W$ I* M% l
% \; i2 Q, [* i B, @" BA daily chart gives the first short change, which may run for 7 to 10 days; the Weekly Chart
& O) G4 h& m+ ^) ^4 ~gives the next important change in trend; and the Monthly the strongest. Remember, weekly
& u5 G3 `& ?) P( F- @' _; `5 smoves run 3 to 7 weeks, monthly moves 2 to 3 months or more, according to the yearly cycle, 4 i% g/ y+ ^9 V2 l3 @
before reversing.
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, l4 K% v) |% V, KYearly bottoms and tops: it is important to know whether a stock is making higher or lower ~" K' F Z% S% G. e5 R$ @/ Z
bottoms each year. For instance, if a stock has made a higher bottom each year for five years, 1 ~0 ~0 I% G( x" r0 F! h$ K# ^
then makes a lower bottom than the previous year, it is a sign of reversal and may mark a long 0 D3 y( P ^1 H1 r" @9 I, Y
down cycle. The same rule applies when stocks are making lower tops for a number of years
K) N* R8 }( y0 c& `* z# Ain a bear market.: j0 ]4 ~- B) [8 ?1 w% W
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When extreme advances or declines occur, the first time the market reverses over 1/4 to 1/2 of 1 b7 X! L! r; e) G+ d" v
the distance covered in the previous movement, you consider that the trend has changed, at
% q6 C3 {& y! ~) r9 C, yleast temporarily./ O6 h9 p, l; t6 t+ g
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It is important to watch space movements. When Time is running out one way or the other, . K" Q/ {5 S* ~" g0 w/ H* p% J
space movements will show a reversal by breaking back over 1/4, 1/3 or 1/2 of the distance of
4 S) p- D" H4 S9 m: H7 Athe last move from extreme low to extreme high, which indicates that the main trend has : G) H$ I: g' d4 z
changed.& T5 m7 K% N2 a6 b3 r4 O1 K; {
% g+ n/ t+ _& M$ l2 K2 E$ p( vStudy all the instructions and rules that I have given you; read them over several times, as
* K& W6 C, o* Q' q; Ieach time they will become clearer to you. Study the charts and work out the rules in actual
/ x- U) r7 j: c( B' D5 Z+ ?8 f" Cpractice as well as on past performance. In this way, you will make progress and will realize 6 l( b% e2 ?, Y7 T; s0 X3 ^
and appreciate the value of my Method of Forecasting.5 p: j H0 P/ _% \/ ^) v+ i
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