TURNING POINTS

THE CHANGE TO AN UP TREND (?)

After a period of decline in a bull market, a turning point from down trend to up

trend usually develops in the following manner:

1. The number of full figure changes dries up (lessens) on the declines.

2. The number of full figure changes increases on the rallies.

develops after a down trend has been halted and the price

path builds up a pattern which moves across and  over in the trend channel

Our charts reveal. They display--> supply overcoming demand

supply being met/ matched by demand.

An equilibrium --> 

Supply being seen to be overcome demand 

Demand overcoming supply

Consider that all this in INTRINSIC TIME creates the DIAGONALS.

WHICH ( important ) are an AVERAGE.

Charts of Demand and Supply in Intrinsic Time... Precision Instruments..

Question what then of Volume..

What relation Price to Volume ?

Hint==>

Price, Volume ,Scaling LAWS ....How to read a Chart !  All start with this Observation-->

In studying the movements of stocks, it is well to have in mind the old saying,

"Stocks must fluctuate."

In a speculative market, where the laws of supply and demand are operative, we

must have fluctuations in prices. These fluctuations are due mostly to differences

of opinion which cause what is technically known as the bid and asked spread.

( this is also the Outside Spread )

Now consider that these Fluctuations ( Like maybe ALL such Fluctuations in SYSTEMS )

Tend to be  "Rather than going somewhere slowly,  usually are going nowhere fast."

"Usually"  here is a KEY to understanding

Turning Points-->Bottle Necks

TRENDS

Motorway