timwest
Short

SP500 SPY WEEKLY - TIME AT PRICE ANALYSIS - RALLY TIME COMPLETE

AMEX:SPY   SPDR S&P 500 ETF
486 5 13
Interesting patterns.

Time at Mode Concept at work here.

Find the maximum time at any one price, then once the market disconnects from that price by spending an entire period above it (or below) then expect a move by at least the range the market was in over the same amount of time AT THE MODE. Count only the bars that touch the mode, in other words.

All the best,

TIm 2:47PM 8/13/2014 Wednesday 194.76 last SPY            
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2use
2 years ago
So its up and bullish from now?
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timwest PRO 2use
2 years ago
If SPY can climb over the most frequent price just a bit higher than current levels, then a new, shorter-term uptrend can start. For now, the price is below supply (195-196) and is in a downtrend despite its bounce. The 12-week accumulation has run its course, so imagine you are climbing a tree and although you have reached a high place in the tree, you may still be able to climb higher. If one branch breaks at this high level, then it could set off a chain reaction drop and triggering of stop-loss orders at lower levels.
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mokcpat
2 years ago
Basically your Time at Mode concept is saying that there will be an uptrend (or downtrend) for as long as the previous consolidation period lasts?

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timwest PRO mokcpat
2 years ago
Almost - If you read it again - check out the counting of the bars....
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timwest PRO mokcpat
2 years ago
For as long as there are bars at the most frequent price, counting from the first bar that is completely above (or below) the most frequent price.
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