Always consider the main time swing of a market; then watch your weekly and Overnight charts until they show a reversal or time has expired. All markets move in three to four sections. The third or fourth movement up or down marks the culmination. A reverse signal is always given before time expires and then the market may make two or three swings up or down into the same territory, going a little higher or a little lower than the tops or bottoms from which the warning signal was given. When this is taking place the market is either being accumulated or distributed.
--THE W.D. GANN MASTER STOCK MARKET COURSE/CHAPTER 2
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