“That movement should continue strong for a few days with only minor daily reactions. Sooner or later it will reach a point where it is due for another normal reaction. When it occurs, it should be on the same lines as the first reaction, because that is the natural way any stock will act when it is in a definite trend. At the first part of a movement of this kind the distance above the previous high point to the next high point is not very great. But as time goes on you will notice that it is making much faster headway on the upside.”
“It takes time for it to run its logical course. It is significant that a large part of a market movement occurs in the last fortyeight hours of a play, and that is the most important time to be in it.”