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TIME AND PRICE BALANCE
/ |4 P K N* d1 }# @6 Q) tBy recording the greatest reaction in Price, when the market is advancing and the , g& P7 t( M# i9 R
greatest Time Period of reaction occurs, you will be able to tell when the market is * u! [8 P+ H' d) A* x. I/ {4 A( X$ ~
over-balanced.
- ]% C; k0 h$ S1 r3 D" n) wExamples: November Beans, May 25, high 230. June 16, low 208, a Price decline * K! p4 G, T, `- f: S
of 22¢ per bushel, time 22 calendar days and 18 market days. June 21 to 24th, the
8 S' ]$ K& ^% gmarket declined 3 days and the Price decline was 5-½¢. July 17, high 257½. July
5 s7 R. C( |- i19, low 240, a decline of 17½¢ per bushel in 2 days. Price had overbalanced the
7 P1 H! _3 h) T: U' z+ qprevious reaction, but Time had not over balanced.
" l. T0 T' }) o8 Q( q, kJuly 26, extreme high 272. this was a SIGNAL DAY and a GAP DAY which was
! `. [) d1 N# k: E' U& }+ Qan EXHAUST GAP, and you would have gotten out of the market and been short ! J- w% o f0 c# L4 o& P
on these rules. July 29, low 259½, a decline of 12½¢ in 3 days. This had i: f6 [. D4 v
exceeded the Time Period of the reaction on June 19 and had over balanced the , i" r1 w, A# ~+ B* ?2 b* P! ?
Time. The decline continued to August 2, low 256, down 16¢ time 7 days. A 1- 9 a2 O9 r+ ?+ G3 I4 \
day rally followed to August 3, high 261½ , up 5½¢, the same as the decline from
+ Q( T- w- r6 L* f4 Y0 o/ rJune 21 to 24th. After August 3, the decline continued and when prices were down
5 G+ ^: B& \- d4 vmore than 17½¢, they over balanced the Price decline from July 17 to 19th. After
1 Y- b" Y. h$ U* X/ g n2 \5 Y" wthis, the decline was faster to August 15, low 236¼, a decline of 35-3/4¢ from 272.
% l! }2 v" o- D& f `9 q$ \+ x& AAugust 15 was a SIGNAL DAY and was also 60 days from June 16, low. This
) B3 H& M* B; N$ }. V E6 nwas a buying indication where you would cover shorts and buy.
9 B- ~# [; O$ U/ dFrom July 26 to August 15, the greatest rally was 2 days, and when Prices
6 d$ g, |5 j3 @9 }1 d$ h8 vadvanced for 3 days they had over balanced the Time Period, and indicated higher 2 s+ k+ P) e) J/ T4 d
prices; and when Prices advanced more than 5½ ¢ per bushel they had over
- a* D7 |8 u! [balanced the Price rally.
6 B' ^+ O5 I# P5 l" [ From August 15 to 30 there was only one 2-day reaction. On August 30 the high . d; j$ d" o* L1 r( ?
on November Beans was 254¼ , which was ½ point between 272 and 236¼. This
0 X: b' Y, Z `9 E½ point was the selling level where you would sell out long Beans and sell short. ' @+ j f+ D2 _6 w- l6 y
After Prices declined for 3 days they had over balanced the Time Period. The Price . @ _: V+ {7 E, m4 b8 Z! c$ N7 V
advance from August 18 to 22nd was 5¢ per bushel; therefore, when Prices + W3 C' k' I( {* G4 A
declined more than 5¢ they had over balanced the Price move of the previous rally. P7 g2 E/ t# p5 O
October 7 to 16 Prices made lower tops and lower bottoms each day and were " q- A& x! ~# U. l' P, y
down 7 days. You would apply the 7 to 10-DAY RULE and follow the market
) p; s g% v# n' C8 C( j: f% x6 Kdown with stop loss order 1¢ above each day’s high. On October 16 the high was
8 f4 S- l9 }( C" g5 u+ Z6 W229-3/4. This would make the stop loss order 230-3/4. However, after the * [% K8 k- U- x0 Q- B+ F2 h
SIGNAL DAY, on October 16, you should have covered shorts and bought 8 x# F3 F6 H# Y, h# D7 b" |
November Beans because this SIGNAL DAY occurred on an exact Time Period
, E& {; c: h( ]7 ~0 R3 a9 o1/3 of a year from the low of June 16.
! I/ V) C9 e: \2 f7 \) R) VFrom October 16, low, a sharp advance followed and when Prices crossed 231½ , * Q& \: r) `: E7 U+ Z4 B) n
on October 18, which was the ½ point of the life of the option, you had another
4 Y" A y4 i8 tSIGNAL TO BUY, and could expect the advance to Balance the move between
% v% A9 g9 G. C# C! |! l7 T0 O6 RAugust 15 to 30th which was 18¢ per bushel. October 23, November Beans + X# S4 f& s3 j' E
advanced to 245-3/4 which was slightly more than 18¢ per bushel and then reacted
! v4 O: k) W$ Z& { C( Q0 B5 @5 bslightly, indicating higher Prices.
! u5 \" D0 f* O+ x By watching the Balancing of Time and Price, together with the other rules, it will % W, [) K6 L, R, D- x$ [& ^
help you to determine when Prices are reaching Extreme Highs or Extreme Lows. # S, G# {2 c- B
THE W.D. GANN MASTER COMMODITIES COURSE 3 o% W# F8 u& ?0 L- {, ?) g( U2 h
?) g. t2 [5 E; P; J+ V2 M5 U9 I
[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。
