W.D.GANN'S WORDS

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W.D.GANN'S WORDS

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Many times when stocks make low in the early part of January, this low will not be broken until the following July or August, andsometimes not during the entire year.

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谢谢提供分享

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TIME is the most important factor of all, and not untilsufficient time has expired, does any big move up or down, start.  The TIME factor will overbalance both Spaceand Volume.  When TIME is up, spacemovement will start and big volume will begin, either up or down.  At the end of any big movement  monthly, weekly, or daily - TIME, must beallowed for accumulation or distribution.

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When extreme advances or declines occur, the FIRST TIMEthe MARKET REVERSES over 1/4 to 1/2 of the distance covered in the previousmovement, you consider that the trend has changed, at least temporarily.

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After a prolonged decline stocks nearly always narrow downand hold in a trading range for some time. If a stock is inactive in this position, it is no time to start tradingin it.

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同一个风景，无数人去看，感悟却不同……

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1、But remember in a Bull market a reaction may only lasttwo or three weeks; then the advance is resumed.  In this way, a market may continue up fortwelve months without breaking a monthly bottom.
2、Seven days in a week, and seven times seven making 49days, a fatal turning point.

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RULE 11:Monthly moves can be determined by the same rule as yearly; i.e. add three months to a bottom, then add four, making seven, to get minor bottoms and reaction points.  But remember in a Bull market a reaction may only last two or three weeks; then the advance is resumed.  In this way, a market may continue up for twelve months without breaking a monthly bottom.  In Big up swings a reaction will not last over two months, the third month swing up, the same rule as in yearly cycle - two down and the third up.  This same rule applies in Bear markets - rallies not lasting more than two months.Most moves run out in six to seven weeks. Seven days in a week, and seven times seven making 49 days, a fatal turning point.Always watch your annual trend and consider whether you are in a bear or Bull market. Many times when in a Bull year, with the monthly chart showing up, a stock will react two or three weeks, then rest three or four weeks, going into new territory and advancing six to seven weeks more.  Always consider whether or not your big time limit has run out before judging a reverse move, and do not fall to consider your indications on time both from main tops and bottoms.

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It is important to note whether a stock is making higher or lower bottoms each year.  For instance, if a stock has made a higher bottom each year for five years, then makes a lower than previous year, it is a sign of a reversal and may mark a long down cycle.  The same rule applies in stocks that are making lower tops for a number of years in a Bear market.
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看了一些前辈的帖子，看不懂，学艺不精，还需努力。

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有所思，有所得。

如此，波动律合适，抑或波动节律更准确。

节奏，如同峰回路转，如同阴阳互换。是一种轮换曲线的规律。这种规律和周期和角度线密切相关，同体异用而已。