The Time Element

The Time Element
The discussion that began on page explained the open, high, low, and closing price fields. This section presents the time element.

The time element is in favor of a normal reaction at this time - because the slideoff was normal (the normal time interval of major declines being about 100 days).
The market gave the unusual picture of hovering near
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The chart is plotted without the time element and can be used as a ’noise reduction’ system. For more information see the "guide to point and figure" in the Investors Intelligence University.

Next, the magnitude of the price move has to be correctly calculated; another procedure that has not been perfected by the average investor. On top of all that, add being correct as to the time element, the unaccounted aspect of most option analysis.

See also: Long, Market, Average, Stock, Trading