twice as strong as 45 and very important fcr a change in trend, [11] June 23rd, this is an important date for a seasonal change in trend, Auburn declined to 91 holding 1 point above the 90 >rice angle or resistance which is always important for tops and xjttoms. It was on the 67th day and 67 1/2 is a strong angle.

[12] July 17th, Auburn rallied to 141 on the 86th day and failed to reach the 45 degree angle from 101 1/4 days. [13] Next itbroke the 45 degree angle from 112 1/2 days; then broke the 45 degree angle drawn from the low of 91, which indicated that it was in a weak position and going lower, [14] Note that 91 was the lowest parallel angle or lowest 45 degree from the 45 degree angle draw from the tops of April 1st and April 16th. This parallel was 53 points wide from April 1st top and 59 wide from April 16th top. [15] The bottom occurred on the 120th day time angle and 120 is important because it is 1/3 of a circle,

[16] August 12th, Auburn declined to 102 which is just above the natural resistance angle of 101 1/4 and this bottom occurred on the 108th day and just above the 45 degree angle from the 135th day time angle,

[17] September 8th, Auburn rallied to 135 and hit the 45 degree angle from April 1st top. It was on the 135 degree natural resistance angle, which is 3/8 of a circle and very strong. A stock is always a short sale the first time it rallies to the 45 degree angle from its top, protected with a stop-loss order 3 points above the angle, and at this point it was a safe short sale because the price was 135, which equals the crossing of two right angles, [18] Auburn next broke uncfer the 45 degree angle from the bottom at 102 and the 45 degree from the 135th day. It continued to break angles and to work into weaker squares until the final bottom,

[19] November 5, 1930, Auburn declined to 60 3/8. 60 is always important because it is 1/6 of a circle. It made this bottom on the 177th market day from April 1st top. Note on the 180th market day Auburn made a higher top and turned the trend up for the first time. The bottom was reached on the 190th day angle or on a 45 degree angle drawn diagonally from 190 days down from the top.

[20] November 17th, for the first time since April 1930, Auburn crossed the 45 degree angle from the top of April 1st, when the price reached 77, where the trend turned up, and put Auburn in a very strong position because it crossed the 45 degree angle at such a low level.

[21] Note the tcp of November 20th was made at 62 1/2, just under the 45 degree angle from the top of April 16th. Then a decline followed and bottom was reached at 72 1/2 on November 28, 1930.

[22] November 29th, Auburn crossed the 45 degree angle from April 16th top for the first time, indicating that it was in a stronger position and that the main trend had turned up because it had crossed the extreme outside parallel angle. This low was

made around 78 3/4, the natural angle, and Auburn never sold lower after crossing this outside angle until advanced to 295 1/2 on April 14, 1931.

After Auburn regained or got above the degree angle from the top OF April 16, 1930, it started to regain 45 degree angles and making higher parallels to the left of the 45 degree angle from 60 3/8 just the reverse of its movement on the way down from 263 3/4 to 60 3/3.

[23] Oecember 18, 1930, Auburn advanced to 119 3/4. This wes nearly twice the price of 60 3/8, and the natural angle, or 1/3 of a circle, is at 120. This top occurred on the 36th market day.

[24] December 23rd, Auburn declined to 91 1/2 and made a second bottom at 92 on december 27th, holding above the 90 degree resistance point. Note that 90 was the half-way point from 60 3/8 to 119 3/4, which showed that Auburn was in a strong position. The last low of 92 was reached on the 43rd market day, and the price was above the. 45 degree angle from 33 3/4 days.

[25] January 5, 1931, Auburn rallied to 116 on the 225th market day from the top of April 1930. 225 is always strong because it is 5/8 of a circle. Auburn then declined and broke the 45 degree angle drawn from the bottom of 60 3/8.

[26] January 14th and 17th, decline to 101 1/4, which is the natural resistance angle. Note the cross angle of 101 1/4 and that the price was bottom on the 60th market day, which your rule tells you is very important for a change in trend because it is 1/6 of a circle. The trend turned up and Auburn continued to get into a stronger position on angles.

[27] January 22, 1931, Auburn crossed the 45 degree angle, marked in green, from the 60th market day and on January 26tn crossed, or regained, the 45 degree angle drawn from the bottom at 60 3/8. The price was 128 on the 67th 1/2 day angle. When a stock regains the 45 degree angle from the bottom it is in a very strong position. Auburn never got back tc the 45 degree angle from 60 3/8 until it made top on April 14, 1931, at 295 1/2. On the advance after crossing the 45 degree angle of 60 3/8, it continued to show strength because it worked into higher parallel angles to the left of the 45 degree angle from the bottom.

[28] February 9, 1931, Auburn crossed the 45 degree angle drawn from the top at 119 3/4 made on Oecember 18, 1930. This was another indication of a very strong position.

[29] February 26th, Auburn made top at 217 on the 92nd market day from the bottom or just 2r days over the 90th day, which is always important for a change in trend. Note the natural resistance level at 213 3/4. [30] Auburn then dropped back under this angle and broke back under the 120 day time angle marked in green, which put it into a weaker position and indicated a decline. You can see that Auburn on the way up worked to the 45th. 90th, and other important days on time just the same as it did on the way down.

[31] March 7th, Auburn declined to 175, just 5 points under

180, which is half of the circle, and it reached the 45 degree angle which was 1/2 of the distance between the 45 degree angle drawn from the top of 119 3/4 and the 45 degree angle drawn from the first top made on November 20, 1930, at 82 1/2. [32] Auburn made this top on the 100th market day and on the 101st day crossed the 120 green angle, which is the time angle. Then made two days tops on the 45 degree angle from 217 top. [33] Then crossed the 45 degree angle from the top at 217 and never dropped back under it and continued to make higher parallels to the left of the 45 degree angle from 60 3/8.

[34] April 14th, Auburn reached extreme high of 295 1/2. This was a date for a seasonal change because the last high occurred on April 16th, 1930, from which the big decline followed. [35] Note that the same width of parallel from the lowest 45 degree angle drawn from 101 1/4 and 103 1/2 bottoms made January 14th and 19th, 1931, which was 59 wide. April 14th, the 180th day angle, crossed at 290. This was the crossing of 2 right angles one the parallel angle of same width of the fluctuations from 263 3/4 to 91, and the other from the extreme of 101 1/4 to 295 1/2. [36] The same day that Auburn advanced above the crossing of those parallel angles of 290 it declined and closed at 287, below those angles indicating a weak position. Auburn only closed 1 day above the width of the same parallel on which it declined. Then it started breaking parallel angles and getting into a weaker position right along.

It is important to note that 292 1/2 is an important resistance level because it is 270, whioh is 3/4 of a circle, plus 22 1/2, and Auburn failed to go over three points above this angle. Another thing to consider is that from 60 3/8 to 295 1/2 Auburn was up 235 1/8 points, which was nearly 2/3 of a circle and another reason for strong resistance. You should look up your resistance card and see the other important points around this level. For example, Auburns extreme high was 514 and the low on the last move 60 3/8. This would make the half-way point 287 1/8, Auburns extreme low of history was 31 3/4. This would make the half-way point 272 1/2. Then when Auburn broke back under the first halfway point of 287 1/8 it indicated weakness; next breaking the half-way point of the life fluctuation at 272 7/8, indicated greater weakness. The next important point was 257 or 1/2 of 514, the highe st price at which Auburn ove r sold. The ref re, whe n Auburn broke under 257 it was in a very weak position and indicated a further sharp decline.

[37] April 20, Auburn declined to 180, getting support on the natural angle or 1/2 of the circle. This was on the 3l5th market day from April 1930, and on the 136th market day from the low of 60 3/8 and on the 166th calendar day. 165 is important because it is 1/2 between the angle of 150 and 180. Auburn made bottom on the 45th market day from the low of 101 1/4 made on January 14, 1931. It rested on the lowest parallel angle of 45 degrees.

[38] From 60 3/8 to 295 1/2 gives the half-way point at