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TIME AND PRICE BALANCE
{- ?2 ? M2 c5 @By recording the greatest reaction in Price, when the market is advancing and the T; s; v: g6 v8 F' c& t, G
greatest Time Period of reaction occurs, you will be able to tell when the market is
& G0 t) G- ?& ~( k P, Lover-balanced. 8 |! ^( r! S' w( S
Examples: November Beans, May 25, high 230. June 16, low 208, a Price decline
' u" y6 H2 e4 d. Iof 22¢ per bushel, time 22 calendar days and 18 market days. June 21 to 24th, the / [& F, D# c; ?
market declined 3 days and the Price decline was 5-½¢. July 17, high 257½. July
6 H# n7 A( g( b2 W! h* ~) {' z19, low 240, a decline of 17½¢ per bushel in 2 days. Price had overbalanced the * X# c* o& s# ?* l3 o
previous reaction, but Time had not over balanced.
$ e( _# Q2 u. }/ e# c' d+ sJuly 26, extreme high 272. this was a SIGNAL DAY and a GAP DAY which was ) ^) X$ |+ _8 k- |" g) g
an EXHAUST GAP, and you would have gotten out of the market and been short 7 j4 c( y. t/ H6 U) [
on these rules. July 29, low 259½, a decline of 12½¢ in 3 days. This had % l+ Z: g, |0 R, u% n$ o! }
exceeded the Time Period of the reaction on June 19 and had over balanced the ) j# q! t+ {' d4 s/ I3 J8 d! ~
Time. The decline continued to August 2, low 256, down 16¢ time 7 days. A 1-
9 ]- U9 C0 ]2 y1 j& qday rally followed to August 3, high 261½ , up 5½¢, the same as the decline from
% D2 H4 V+ }+ S$ a" K' l1 \( gJune 21 to 24th. After August 3, the decline continued and when prices were down
! ^ D1 a" u% W$ z8 i0 z; N$ H' W4 fmore than 17½¢, they over balanced the Price decline from July 17 to 19th. After
$ B1 u2 ~2 q2 ^4 n( ?this, the decline was faster to August 15, low 236¼, a decline of 35-3/4¢ from 272. * b! B% Q; w" s# _+ r9 c; o9 c1 H
August 15 was a SIGNAL DAY and was also 60 days from June 16, low. This
. e: B' A. H, c: e8 m$ }was a buying indication where you would cover shorts and buy. 0 H6 q; x+ I$ [3 K7 G* l
From July 26 to August 15, the greatest rally was 2 days, and when Prices
/ ?: s3 `2 b+ U$ R9 a1 Eadvanced for 3 days they had over balanced the Time Period, and indicated higher
' r: Y9 `7 ?' X" ?* s" [prices; and when Prices advanced more than 5½ ¢ per bushel they had over % N F# W4 I8 x& B) n' m
balanced the Price rally. + {2 |# ]" s. e, |# w/ M6 `
From August 15 to 30 there was only one 2-day reaction. On August 30 the high ' j* `: K2 |4 K. S
on November Beans was 254¼ , which was ½ point between 272 and 236¼. This 7 l) P0 B* u0 ^5 x7 ^( d
½ point was the selling level where you would sell out long Beans and sell short. ) I [5 l- O2 [% X
After Prices declined for 3 days they had over balanced the Time Period. The Price
$ q4 d( x8 O# G [, Hadvance from August 18 to 22nd was 5¢ per bushel; therefore, when Prices
$ S3 @6 ^+ g0 @6 L# pdeclined more than 5¢ they had over balanced the Price move of the previous rally. " S. f" f2 P; n
October 7 to 16 Prices made lower tops and lower bottoms each day and were ' H" [6 I: A1 i% s, Q6 d# R9 z [
down 7 days. You would apply the 7 to 10-DAY RULE and follow the market + {+ t: }3 x- l% }+ b4 B3 ~
down with stop loss order 1¢ above each day’s high. On October 16 the high was 2 |6 D, d) | g+ ^2 h6 Q( Q
229-3/4. This would make the stop loss order 230-3/4. However, after the
( ^) U3 U4 ]. m8 }7 a2 rSIGNAL DAY, on October 16, you should have covered shorts and bought 7 s6 B/ p$ v( j6 M
November Beans because this SIGNAL DAY occurred on an exact Time Period 4 G2 m0 ~4 t' E
1/3 of a year from the low of June 16. * W' ^; i# ?+ g$ U# J) W
From October 16, low, a sharp advance followed and when Prices crossed 231½ ,
5 ^& k- w7 C, z- qon October 18, which was the ½ point of the life of the option, you had another
. h( L: e7 `: ]+ [' jSIGNAL TO BUY, and could expect the advance to Balance the move between " N3 K% J3 ?$ h( I4 _
August 15 to 30th which was 18¢ per bushel. October 23, November Beans
' s: O/ K7 F6 z3 c8 J7 v) wadvanced to 245-3/4 which was slightly more than 18¢ per bushel and then reacted
+ k. ~7 X2 r3 _1 ?! oslightly, indicating higher Prices. % \* M$ u w8 _% M9 r* d- Q, k
By watching the Balancing of Time and Price, together with the other rules, it will
1 L! b0 y# G) w0 H5 Yhelp you to determine when Prices are reaching Extreme Highs or Extreme Lows.
5 H* ?* z' N: z% UTHE W.D. GANN MASTER COMMODITIES COURSE
5 W. D% B! v2 z( y
$ d0 a8 P. B2 G7 h! U1 c' 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。
