Académique Documents
Professionnel Documents
Culture Documents
IN EFFECT
By James Flanagan
By studying past history and knowing that the future is but a repetition of the past, you can determine the cause according to the time and conditions. You cannot have too much information or too many records when you are going to risk your capital. Sometimes it is necessary to go a long way back to determine the cause, because you must study war, its effect, and the conditions before war and what follows. Nothing will help you more than going over the past history of markets, studying its actions under different periods. If you know what a market has done in the past, you have a better chance to determine what it will do in the future. When you learn the past history of a market, learn the way it is running, what cycle it is in, and then make a trade on definite knowledge, your chances for success are 100% greater. You should keep charts and records of past market movements because your memory is too short.
PRICE MOVES INTO TERRITORY WHICH HAS NOT BEEN REACHED FOR YEARS
When a stock [or commodity] moves into new territory or to prices which it has not reached for months or years, it shows that the force or driving power is working in that direction. It is the same principle as any other force which has been restrained and breaks out. Water may be held back by a dam, but if it breaks through the dam, you would know that it would continue downward until it reached another dam, or some obstruction or resistance which would stop it. Therefore, it is very important to watch old levels of stocks. The longer the time that elapses between the breaking into new territory, the greater the move you can expect, because the accumulative energy over a long period naturally will produce a larger movement than if it only accumulated during a short period of time.
The longer the period of time that elapses before a previous high level is crossed or a previous low level is broken, the greater the advance or decline which follows.
SEP BONDS
GOLD CASH
LOST MOTION
There is lost motion in every kind if machinery. There is also lost motion in the grain market or any other commodity due to momentum, which drives wheat and other commodities slightly above or below a resistance level.
SILVER CASH
PLATINUM NF
GOLD/SILVER RATIO
Note #1: Timely updates will only be sent to paid subscribers in the event we have a time sensitive recommendation or situation. Note #2: We do not recommend you take any action based upon our analysis unless you know you will be subscribing. Without the follow up and support provided in our paid publications this would not make sense.
JUNE EURO
JUNE EURO
Remember, it is safe to sell short when a commodity reacts to old tops the first, second, or third time, but when it advances a fourth time, it is dangerous to sell, as it nearly always goes higher.
The longer the period of time that elapses before a previous high level is crossed or a previous low level is broken, the greater the advance or decline which follows.
If the commodity has been a leader in a previous bull campaign or a leader in a previous bear campaign, the chances are that it may not be a leader in the next campaign, unless the chart distinctly shows that it is going to lead in an advance or decline.