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( \9 z* K- |* h" {" o. n6 ]% v7 b. P原文:
- b) l8 H6 |! j2 F. m) U: |IMPORTANT POINTS TO REMEMBER IN FORECASTING
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- u) J* t& ]2 U2 X! g: H+ RTIME is the most important factor of all, and not until sufficient time has expired does any ' g: V/ x3 c: I3 Y, @
big move up or down, start. The Time factor will overbalance both Space and Volume.
/ `! G5 I5 i9 u9 x9 P; l* wWhen Time is up, space movement will start and big volume will begin, either up or down. + U9 x! g- M) U: d+ n
At the end of any big movement – with monthly, weekly, or daily – Time, must be allowed
]) A9 J; y+ |for accumulation or distribution.2 S! m' k: }4 {
4 @* j" N; M- sConsider each individual stock and determine its trend from its position, according to distance 8 ^) \( b8 T) X# O& G
in time from bottom or top. Each stock works out its 1, 2, 3, 5, 7, 10, 15, 20, 30, 50 and 60-6 x, e# k P- O; d
year cycles from its own base or bottoms and tops, regardless of the movements of other ) T! c8 C @8 f$ Z
stocks, even those in the same group. Therefore, judge each stock individually and keep up
0 h$ |* m9 ?7 L# C2 R8 Yweekly and monthly charts on them.' k8 L- \; o- K7 M8 I
* h& @/ T8 [' X# v4 w* a1 {Never decide that the main trend has changed one way or the other without consulting the % D5 g7 \2 o, h, ~/ n+ E
angles from top or bottom and without considering the position of the market and cycle of
$ D, L) H5 r* u5 ^! u2 qeach individual stock.
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Always consider the annual forecast and whether the big time limit has run out or not before
2 M' ], G" O1 M4 b& e; g- Njudging a reverse move. Do not fail to consider the indications on Time, both from main tops 9 M, b$ u5 M' @) H3 a! Y
and bottoms, also Volume of Sales and position on Geometrical Angles.! e. q, I3 S0 ^' P6 G9 ~5 G
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A daily chart gives the first short change, which may run for 7 to 10 days; the Weekly Chart 8 p& \/ w0 b& j. w0 ?9 m
gives the next important change in trend; and the Monthly the strongest. Remember, weekly+ ?% [- C2 W5 v# R7 r/ ?
moves run 3 to 7 weeks, monthly moves 2 to 3 months or more, according to the yearly cycle, + u, P) C7 s* k6 A7 l
before reversing.
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' |0 X& ?4 g( R4 XYearly bottoms and tops: it is important to know whether a stock is making higher or lower
; v) a. M% C8 r5 N7 n' gbottoms each year. For instance, if a stock has made a higher bottom each year for five years,
7 H5 N* J& M+ j0 `then makes a lower bottom than the previous year, it is a sign of reversal and may mark a long ; c" b V$ _0 c5 @8 G+ y
down cycle. The same rule applies when stocks are making lower tops for a number of years $ R; u1 I! n4 e9 D& M
in a bear market.
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When extreme advances or declines occur, the first time the market reverses over 1/4 to 1/2 of
0 z8 p+ m5 b( o0 T& R6 H9 ^the distance covered in the previous movement, you consider that the trend has changed, at ! m: S) Y6 ?0 A9 h4 x# F- K# K
least temporarily.; v& l4 o" m/ w* d
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It is important to watch space movements. When Time is running out one way or the other,
: }; N# v; q% @( Z# q1 Dspace movements will show a reversal by breaking back over 1/4, 1/3 or 1/2 of the distance of
. `7 Z, |& H" u1 e5 v6 cthe last move from extreme low to extreme high, which indicates that the main trend has
6 g& p3 }7 d/ n( @, d: Ochanged." G# p- i7 y4 k; e, A6 J3 \+ \6 R# ^
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Study all the instructions and rules that I have given you; read them over several times, as ; V& N0 |- u" C7 Z3 l5 u4 h3 J
each time they will become clearer to you. Study the charts and work out the rules in actual
" S- J, P5 l3 i# l' i" E8 H+ t+ W( Fpractice as well as on past performance. In this way, you will make progress and will realize
6 H8 Z5 U' g1 b. [- ^9 xand appreciate the value of my Method of Forecasting.
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