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TIME AND PRICE BALANCE 9 I8 U$ f7 E' a1 e3 N
By recording the greatest reaction in Price, when the market is advancing and the
0 E+ n) t! S1 Wgreatest Time Period of reaction occurs, you will be able to tell when the market is / w2 y7 W9 G B2 k
over-balanced.
% q3 x D6 L0 a ~8 rExamples: November Beans, May 25, high 230. June 16, low 208, a Price decline
% J. t9 c- t' aof 22¢ per bushel, time 22 calendar days and 18 market days. June 21 to 24th, the 6 u9 y' C( {( G2 w
market declined 3 days and the Price decline was 5-½¢. July 17, high 257½. July & h: O4 @: R/ Q; }
19, low 240, a decline of 17½¢ per bushel in 2 days. Price had overbalanced the
) C' r, |7 u* @/ ]7 @' ?$ a3 cprevious reaction, but Time had not over balanced. 5 k$ i* h9 q/ i; o% p1 a
July 26, extreme high 272. this was a SIGNAL DAY and a GAP DAY which was , V# B, A! P8 Z$ I
an EXHAUST GAP, and you would have gotten out of the market and been short 6 ~1 Z) ^" s' Q, S* i- d
on these rules. July 29, low 259½, a decline of 12½¢ in 3 days. This had
, E1 h- q* S( N+ M: Q. dexceeded the Time Period of the reaction on June 19 and had over balanced the 8 g5 s5 |) D4 n" k; F: o# b2 h# O7 c
Time. The decline continued to August 2, low 256, down 16¢ time 7 days. A 1-
7 M; S1 P* G( z+ Z# [/ Aday rally followed to August 3, high 261½ , up 5½¢, the same as the decline from 6 {) z- i9 j4 c8 Z; X
June 21 to 24th. After August 3, the decline continued and when prices were down
6 w4 r \) C: N r x; |9 W1 Wmore than 17½¢, they over balanced the Price decline from July 17 to 19th. After ) { _% \; Q' p3 x8 q( p; |; q
this, the decline was faster to August 15, low 236¼, a decline of 35-3/4¢ from 272. ! X1 f" ~. Y7 I: c
August 15 was a SIGNAL DAY and was also 60 days from June 16, low. This $ R5 `- N# w% d6 ^9 } n) { O2 m
was a buying indication where you would cover shorts and buy. : h0 y4 K9 B P7 V9 q8 J
From July 26 to August 15, the greatest rally was 2 days, and when Prices
+ ^' T6 ?6 O+ d# v7 b3 G P# Uadvanced for 3 days they had over balanced the Time Period, and indicated higher * ~, {6 q; }# @$ `6 D
prices; and when Prices advanced more than 5½ ¢ per bushel they had over
) \' |1 O5 Y, E7 ~+ ] Mbalanced the Price rally.
; e' O0 j7 t* c2 L* x( C! L From August 15 to 30 there was only one 2-day reaction. On August 30 the high
% g. j6 Q& h" R' \on November Beans was 254¼ , which was ½ point between 272 and 236¼. This 4 k1 u5 A% N$ A
½ point was the selling level where you would sell out long Beans and sell short. 5 {# h3 \* J+ \: @6 O1 @& V
After Prices declined for 3 days they had over balanced the Time Period. The Price 8 b0 n9 J* F) E/ K) f
advance from August 18 to 22nd was 5¢ per bushel; therefore, when Prices ; s, E4 s7 D( W' N2 j7 | r( p0 E
declined more than 5¢ they had over balanced the Price move of the previous rally.
! k8 J; v7 f: n' R8 J. N3 qOctober 7 to 16 Prices made lower tops and lower bottoms each day and were
% B8 ~# `4 c4 j$ Ldown 7 days. You would apply the 7 to 10-DAY RULE and follow the market
* K% I- b% R) r9 U: _6 Y9 q4 i) Mdown with stop loss order 1¢ above each day’s high. On October 16 the high was
6 g2 U# M% F/ y! l) N1 _0 q229-3/4. This would make the stop loss order 230-3/4. However, after the
6 A$ _% X: o- o/ X( n5 BSIGNAL DAY, on October 16, you should have covered shorts and bought
9 D% X5 B# a v5 s3 E) {November Beans because this SIGNAL DAY occurred on an exact Time Period * N. l" }0 Q" M ^
1/3 of a year from the low of June 16.
# b2 C& v! o7 N8 I. v# W, ?; WFrom October 16, low, a sharp advance followed and when Prices crossed 231½ , 5 o2 ]% H' W3 { v: C
on October 18, which was the ½ point of the life of the option, you had another 8 `! z; y* m- A4 P
SIGNAL TO BUY, and could expect the advance to Balance the move between
/ `9 w( x- h, I" wAugust 15 to 30th which was 18¢ per bushel. October 23, November Beans # ^& ^" s& W6 [* A
advanced to 245-3/4 which was slightly more than 18¢ per bushel and then reacted : l2 H2 {6 \8 |% O% x& M, }* a* ^
slightly, indicating higher Prices. + y$ J! f9 K( |9 P! Y
By watching the Balancing of Time and Price, together with the other rules, it will " x* ?( N# A/ @' m2 M
help you to determine when Prices are reaching Extreme Highs or Extreme Lows. + j+ ]. f5 z" \ D
THE W.D. GANN MASTER COMMODITIES COURSE
. ?0 d# [/ B: d6 l) O" b4 ?" O$ H: P# ~
[本帖最后由 yay 于 2008-11-19 00:07 编辑 ] | 
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发表于 2008-11-19 08:06:24
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发表于 2008-11-19 08:17:18
发表于 2008-11-19 09:26:40
发表于 2008-11-19 11:08:13
楼主
。你千万别笑。。真的。
