"TIME is the most important factor in
determining market movements and by studying the past records of the averages
or individual stocks you will be able to prove for yourself that history does
repeat and that by knowing the past you can tell the future. … There is a
definite relation between TIME and PRICE. … Now, by a study of the TIME PERIODS
and TIME CYCLES you will learn why tops and bottoms are found at certain times
and why Resistance Levels are so strong at certain times and bottoms and tops
hold around them. … The most money is made when fast moves and extreme
fluctuations occur at the end of major cycles." GANN