X axis (time) and Y (price).
If we display the sections of
growth of the S&P 500 ,
by illustrating each period
of rising price, with a green square,
we get three (3) distinct periods
periods 1. and 2. and 3.
If we insert these squares 1. and 2.
inside the square of period 3. and that we
place the square of period 1. down and left
and the square of period 2. up and right,
as a result, in time and price, we note
the following unusual fact ...
In time, the period 1.
Plus the period 2.
Equals the period 3 ...
more or less, exactly.
In price, if we add the height
of period 1 plus the height
of period 2. we see that
the period 3. is higher than
the sum of periods 1 and 2.
Directeur Régional (France)
this quick study has given surprising results.
it does seem that the S&P is overextending itself but, when it comes to markets, anything and everything is possible.
Gann did some fantastic work, which I do not apply in my day to day analysis but it often gives an interesting perspective and then we can rethink things.
take care and enjoy a great week!