In my last post on these quarterly boxes around the price action, I had shown how connecting lows between boxes would give an interesting level of support for the next quarter or two. The boxes also show you the movement, and therefore hopefully the psychology of the market going into quarter-end. By seeing the next higher-up time frame in a quick and easy visual format, and colorized quickly so you can see which time of year it is too, you can get a quicker handle on when a stock moves and whether there are any patterns you could be aware of.
So, like the key-hidden-levels and using 1-year trendlines
for that method, I did the same approach here and connected the quarters that are 1-year apart. I labeled each with arrows for easy viewing. It is pretty fascinating that all of the trendlines
are in such a tight area between 193-188 for the entire month of October.
Just showing you another unique way to see what's going on in the world of "hidden levels".
All the best,
Tim 8:25AM EST Wed, October 8, 2014