NVIDIA $NVDA Uptrend Is Out of Time
Updated
Using my handcrafted "Time At Mode" Methodology - I can measure with a reliable consistency and methodology, the amount of accumulation that has occurred in any security on any time frame to determine how much time the security can then trend once the accumulation period is over.
The very logic of this approach came to me in 1988 after I discovered Market Profile from a friend and floor trader on the CBOT (Chicago Board of Trade) who made a living in the soybean trading pit. I started plotting markets this way and found a remarkable way to monitor markets and trends that has been uniquely powerful since that time.
One of the tenets of my methodology, again which involved making hand-drawn charts in order to find the pattern, involves determining what time frame any market is operating in. What I found is that if there are more than 20 time periods at any one price, that is when the market is telling you that the current time frame is not strong and not in control.
Starting from the low in 2008, I had to go up to the quarterly time frame to fine a time frame that allowed me to stay under 20 time periods across the rally phase through 2014.
What we see is that there are 13 quarters that ends in the year 2013. The first quarter of 2014 marks the blast-off phase of the post-accumulation phase and begins the uptrend and 13-quarter distribution pattern that logically follows a 13-quarter accumulation. The 13th quarter is the current quarter, which means next Friday is the end of this uptrend.
Had you been sharp enough to buy
NVDA at any point in the past 8 years, you could rationally exit your position here at the end of March.
What is your gut reaction to this analysis? How about the logic of the methodology?
Tim
3:25PM EST 3/24/2017 107.01 lastNVDA
The very logic of this approach came to me in 1988 after I discovered Market Profile from a friend and floor trader on the CBOT (Chicago Board of Trade) who made a living in the soybean trading pit. I started plotting markets this way and found a remarkable way to monitor markets and trends that has been uniquely powerful since that time.
One of the tenets of my methodology, again which involved making hand-drawn charts in order to find the pattern, involves determining what time frame any market is operating in. What I found is that if there are more than 20 time periods at any one price, that is when the market is telling you that the current time frame is not strong and not in control.
Starting from the low in 2008, I had to go up to the quarterly time frame to fine a time frame that allowed me to stay under 20 time periods across the rally phase through 2014.
What we see is that there are 13 quarters that ends in the year 2013. The first quarter of 2014 marks the blast-off phase of the post-accumulation phase and begins the uptrend and 13-quarter distribution pattern that logically follows a 13-quarter accumulation. The 13th quarter is the current quarter, which means next Friday is the end of this uptrend.
Had you been sharp enough to buy
NVDA at any point in the past 8 years, you could rationally exit your position here at the end of March. What is your gut reaction to this analysis? How about the logic of the methodology?
Tim
3:25PM EST 3/24/2017 107.01 last
NVDANote
Add a label to the chart at the low in the 4th quarter of 2008 = "START TREND" then another label "FIND THE MOST FREQUENT QUARTERLY PRICE". 13 is the most that I can find starting from that low.
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