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TIME AND PRICE BALANCE
By recording the greatest reaction in Price, when the market is advancing and the
greatest Time Period of reaction occurs, you will be able to tell when the market is
over-balanced.
Examples: November Beans, May 25, high 230. June 16, low 208, a Price decline
of 22¢ per bushel, time 22 calendar days and 18 market days. June 21 to 24th, the
market declined 3 days and the Price decline was 5-½¢. July 17, high 257½. July
19, low 240, a decline of 17½¢ per bushel in 2 days. Price had overbalanced the
previous reaction, but Time had not over balanced.
July 26, extreme high 272. this was a SIGNAL DAY and a GAP DAY which was
an EXHAUST GAP, and you would have gotten out of the market and been short
on these rules. July 29, low 259½, a decline of 12½¢ in 3 days. This had
exceeded the Time Period of the reaction on June 19 and had over balanced the
Time. The decline continued to August 2, low 256, down 16¢ time 7 days. A 1-
day rally followed to August 3, high 261½ , up 5½¢, the same as the decline from
June 21 to 24th. After August 3, the decline continued and when prices were down
more than 17½¢, they over balanced the Price decline from July 17 to 19th. After
this, the decline was faster to August 15, low 236¼, a decline of 35-3/4¢ from 272.
August 15 was a SIGNAL DAY and was also 60 days from June 16, low. This
was a buying indication where you would cover shorts and buy.
From July 26 to August 15, the greatest rally was 2 days, and when Prices
advanced for 3 days they had over balanced the Time Period, and indicated higher
prices; and when Prices advanced more than 5½ ¢ per bushel they had over
balanced the Price rally.
From August 15 to 30 there was only one 2-day reaction. On August 30 the high
on November Beans was 254¼ , which was ½ point between 272 and 236¼. This
½ point was the selling level where you would sell out long Beans and sell short.
After Prices declined for 3 days they had over balanced the Time Period. The Price
advance from August 18 to 22nd was 5¢ per bushel; therefore, when Prices
declined more than 5¢ they had over balanced the Price move of the previous rally.
October 7 to 16 Prices made lower tops and lower bottoms each day and were
down 7 days. You would apply the 7 to 10-DAY RULE and follow the market
down with stop loss order 1¢ above each day’s high. On October 16 the high was
229-3/4. This would make the stop loss order 230-3/4. However, after the
SIGNAL DAY, on October 16, you should have covered shorts and bought
November Beans because this SIGNAL DAY occurred on an exact Time Period
1/3 of a year from the low of June 16.
From October 16, low, a sharp advance followed and when Prices crossed 231½ ,
on October 18, which was the ½ point of the life of the option, you had another
SIGNAL TO BUY, and could expect the advance to Balance the move between
August 15 to 30th which was 18¢ per bushel. October 23, November Beans
advanced to 245-3/4 which was slightly more than 18¢ per bushel and then reacted
slightly, indicating higher Prices.
By watching the Balancing of Time and Price, together with the other rules, it will
help you to determine when Prices are reaching Extreme Highs or Extreme Lows.
THE W.D. GANN MASTER COMMODITIES COURSE
[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。
