friday and a new thread, page-16

"Water seeks its level"

"You can force it higher with a pump, but when you stop pumping it requires no force to cause it to return to its former level. Stocks and Commodities are the same. They can be forced above their natural level of values to where lambs lose all fear, become charged with hope and buy at the top. Then stocks are permitted to sink to a level where hope gives way to despair and the most rampant bull becomes a bear and sells out at a loss. My discover of the time-factor enables me to tell in advance when these extremes must, by the law of supply and demand, occur in stocks and commodities."

I think WD Gann said that