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TIME AND PRICE BALANCE 4 u8 _& w0 t8 E/ K0 j4 T
By recording the greatest reaction in Price, when the market is advancing and the
, e. r% l* E& @- {: ogreatest Time Period of reaction occurs, you will be able to tell when the market is
0 ^) ~; C* \. `4 hover-balanced.
+ F e+ `; f! a3 _Examples: November Beans, May 25, high 230. June 16, low 208, a Price decline 9 U: l" Z/ M T1 J h
of 22¢ per bushel, time 22 calendar days and 18 market days. June 21 to 24th, the " U3 o9 T" p2 x& w+ c
market declined 3 days and the Price decline was 5-½¢. July 17, high 257½. July
) |$ @6 `$ Y8 o19, low 240, a decline of 17½¢ per bushel in 2 days. Price had overbalanced the
6 c! h: N5 l9 ]1 \4 Pprevious reaction, but Time had not over balanced. , l6 O2 C! Y7 E0 G
July 26, extreme high 272. this was a SIGNAL DAY and a GAP DAY which was $ W' }# r4 n3 C% f
an EXHAUST GAP, and you would have gotten out of the market and been short 8 J" \0 m$ O! g1 I% B
on these rules. July 29, low 259½, a decline of 12½¢ in 3 days. This had + j) |. C# Q/ R \7 s& ^
exceeded the Time Period of the reaction on June 19 and had over balanced the 4 _, P: R3 l% |8 U; b3 o! H
Time. The decline continued to August 2, low 256, down 16¢ time 7 days. A 1- : h2 k9 E" O; K0 O
day rally followed to August 3, high 261½ , up 5½¢, the same as the decline from
1 f- ^! W9 B" N0 lJune 21 to 24th. After August 3, the decline continued and when prices were down . B( |( p! f0 s0 ^: W" }
more than 17½¢, they over balanced the Price decline from July 17 to 19th. After 6 A7 r! ^& F |- e3 |4 p: [' U
this, the decline was faster to August 15, low 236¼, a decline of 35-3/4¢ from 272.
, R+ `. }, X) b! O* r, ?August 15 was a SIGNAL DAY and was also 60 days from June 16, low. This
1 v' Z2 v0 S* o6 W6 @was a buying indication where you would cover shorts and buy.
( R5 ^; [0 v, P2 aFrom July 26 to August 15, the greatest rally was 2 days, and when Prices 6 D& v: q$ c* y0 I+ R
advanced for 3 days they had over balanced the Time Period, and indicated higher
+ c1 l; y, y- _( X3 B! Eprices; and when Prices advanced more than 5½ ¢ per bushel they had over 7 D4 F. e) y5 l8 A
balanced the Price rally. , x& [* p" d& f' c6 @
From August 15 to 30 there was only one 2-day reaction. On August 30 the high $ ]% L6 t8 a' f! C9 r2 c
on November Beans was 254¼ , which was ½ point between 272 and 236¼. This
, @1 r' H! K& {4 A½ point was the selling level where you would sell out long Beans and sell short. 0 _! V5 ?) K1 ]' E& n3 K$ R7 N2 h
After Prices declined for 3 days they had over balanced the Time Period. The Price
! G+ F( q0 G) Z8 h9 z1 aadvance from August 18 to 22nd was 5¢ per bushel; therefore, when Prices - E G) v2 Q! y3 Z! r0 p1 K8 A W
declined more than 5¢ they had over balanced the Price move of the previous rally. / Z* I! n) z- B9 x& ]3 J
October 7 to 16 Prices made lower tops and lower bottoms each day and were
9 _$ A, g* Z4 @% f0 o6 y- H$ Vdown 7 days. You would apply the 7 to 10-DAY RULE and follow the market
# j, y3 T* t. s( j' P& Edown with stop loss order 1¢ above each day’s high. On October 16 the high was
' i$ j9 v" M0 f4 |6 S229-3/4. This would make the stop loss order 230-3/4. However, after the
7 w- A- V6 V) y7 {, m; wSIGNAL DAY, on October 16, you should have covered shorts and bought
+ z2 \0 K( H' S' n$ N) e6 @4 a4 qNovember Beans because this SIGNAL DAY occurred on an exact Time Period 5 _+ A+ C4 o8 s3 w' Y
1/3 of a year from the low of June 16. " b: X9 L1 H0 L% I
From October 16, low, a sharp advance followed and when Prices crossed 231½ , " ]" ]; S2 @) R( e
on October 18, which was the ½ point of the life of the option, you had another 8 W7 j# T/ K. y! w% Y. { V
SIGNAL TO BUY, and could expect the advance to Balance the move between , a% j4 ~* s0 O/ ^% i! w
August 15 to 30th which was 18¢ per bushel. October 23, November Beans # H+ {, R9 E; Q) B* t
advanced to 245-3/4 which was slightly more than 18¢ per bushel and then reacted 6 k" m4 W* S. ^% s2 r. q6 A7 ^5 w
slightly, indicating higher Prices.
4 P, q9 X; d3 ?" R2 S By watching the Balancing of Time and Price, together with the other rules, it will / @4 X' T6 Y1 V) Y0 E+ I
help you to determine when Prices are reaching Extreme Highs or Extreme Lows.
, x! s. x, w: E, m/ n' JTHE W.D. GANN MASTER COMMODITIES COURSE
9 O0 W* s& M# W3 Z
- h+ T' v# K$ ^* `7 Q[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。
