Time at Mode (TAM) did fairly well in the decline of TLT , catching the drop from 122 to 116 (6 points) and then 120/118 short down to 102 (17 points) for a return of 23 points in 2012-2013.
The rally in 2014 was another nice setup and trend.
Now the next signal needs time to develop. We need to see more time develop at a given price and then "disconnect" from that price by having an entire range above the new, higher mode.
For aggressive traders, you reverse and go short looking for a retest of the mode.
Tim 9:56AM EST, Fri , Jun 6, 2014