No, there are never any time targets, in fact there are never any price targets either... there are vertical prices, the initial vertical price is 992.00, but now a lower vertical price has been added as of this past Friday, that is 955.20... while the model never has targets, the model does always give time limits and price limits... in this case, if the market sell off and we reach 992.00, then we should see buying at that level... if the market continues to work lower after bouncing from that first vertical price, then 955.20 is the next lower level where we will likely see a rally begin, provided the market actually gets down there...
Check the header for a full description of a vertical price, but simply stated a vertical price is where the selling with exhaust itself, provided the market continues selling off...
From the header:
The Vertical Price:
A vertical price is the price of maximum stretch during a rally or a decline. In a down market, there is a price where buying is mostly likely to enter the market and begin a rally. This vertical price is NOT a target, there is no certainty that the market will actually reach the vertical price. But, if the market in fact hits that vertical price, then I will cover my short position and may go long but it is not buy signal, it's just a warning that the market is extremely oversold and that you should expect a brisk rally from that point. The inverse is also true in an up market. Interestingly enough, the market typically turns around within a few ticks of that vertical price, so it's a highly reliable indicator. On any new buy or sell signal I will also post the new vertical price so we can watch for it in advance.
As far as time limits go, there is a deadline for the current selling, the market has until Wednesday August 18th to work lower... if the market closes above 992.00 on that very date, then the selling will be over and an automatic buy signal will be confirmed... the market could trade lower than that price, but it must be above that price on that given date for a confirmed buy signal to occur...
If the market is lower than 992.00 on August 18th, then the same rule would apply to the 955.20 level with a deadline date of Monday September 20th...
The relationship between time and price is irrefutable and cannot be minimized or ignored, these price points and specific calendar dates cannot be changed, the market must absolutely meet these prerequisites or there will be no buy signal and no rally...
GZ |
