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原文:
( F7 `% N7 z) |* T9 h; a9 oIMPORTANT 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 * t" M* v7 a+ r$ _7 C) e
big move up or down, start. The Time factor will overbalance both Space and Volume.
9 M4 R0 y# M/ s, [4 @- u. c. ]' v7 ?When Time is up, space movement will start and big volume will begin, either up or down. 4 R# D6 m4 r3 `7 F) r
At the end of any big movement – with monthly, weekly, or daily – Time, must be allowed
" O( h0 {" t' ?for accumulation or distribution.
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, ?% s, _1 t ~7 [9 J+ _$ h: eConsider each individual stock and determine its trend from its position, according to distance / t2 M4 p& Y' c) i" m
in time from bottom or top. Each stock works out its 1, 2, 3, 5, 7, 10, 15, 20, 30, 50 and 60-
- J H1 a9 q9 c# j* myear cycles from its own base or bottoms and tops, regardless of the movements of other 3 T: i" V4 C! \# ]
stocks, even those in the same group. Therefore, judge each stock individually and keep up
) [/ u$ E8 i* P' B4 J" uweekly and monthly charts on them.# j1 O* E- N6 u; Y! J
; A, D9 r0 W6 XNever decide that the main trend has changed one way or the other without consulting the
. p. l; X0 U/ @. F" |angles from top or bottom and without considering the position of the market and cycle of
; U4 h! Z* @! R% `each individual stock.
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Always consider the annual forecast and whether the big time limit has run out or not before ( h/ Y7 ^7 h$ m
judging a reverse move. Do not fail to consider the indications on Time, both from main tops
# c: l8 D1 T0 a2 ?! }3 uand bottoms, also Volume of Sales and position on Geometrical Angles.
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A daily chart gives the first short change, which may run for 7 to 10 days; the Weekly Chart
* b/ i9 e3 K7 j. Z }gives the next important change in trend; and the Monthly the strongest. Remember, weekly
- W Q6 O- T3 d: P: O3 r6 r, l( n2 mmoves run 3 to 7 weeks, monthly moves 2 to 3 months or more, according to the yearly cycle,
8 J' u7 Z ~# q$ R; Y2 p1 Nbefore reversing.
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5 j2 F; R' \' r/ |# \1 i4 z# SYearly bottoms and tops: it is important to know whether a stock is making higher or lower # X9 L" g+ O" f5 v, M- {/ l' u
bottoms each year. For instance, if a stock has made a higher bottom each year for five years, , [& N6 D1 J. _- V
then makes a lower bottom than the previous year, it is a sign of reversal and may mark a long
( ]* \4 {2 C" a+ z r/ O) o3 jdown cycle. The same rule applies when stocks are making lower tops for a number of years ) P; P l% i6 D& e
in a bear market.1 h2 g8 ~! D1 y: Y( l* `
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When extreme advances or declines occur, the first time the market reverses over 1/4 to 1/2 of
, \3 d+ f r& C& B! G% e0 athe distance covered in the previous movement, you consider that the trend has changed, at 1 G+ v L+ h. E$ G
least temporarily.
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It is important to watch space movements. When Time is running out one way or the other, 9 U% _0 Q* {; E" H0 X. p' v5 Y
space movements will show a reversal by breaking back over 1/4, 1/3 or 1/2 of the distance of ; T+ J! b* J4 o* H
the last move from extreme low to extreme high, which indicates that the main trend has ) c( P+ }# {" N% E
changed.7 K# t, }, Q# `5 e0 o. [
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Study all the instructions and rules that I have given you; read them over several times, as
1 ~- a3 e1 q1 [# s) n9 K P5 Yeach time they will become clearer to you. Study the charts and work out the rules in actual
2 |: u3 P" i2 K: O* l1 \; E+ fpractice as well as on past performance. In this way, you will make progress and will realize
- L& S5 v4 Y. m$ s- W; S2 ]5 z* [and appreciate the value of my Method of Forecasting.
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