Monday, June 1, 2009

MMM Time Analysis #1

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There will be 4 charts of MMM included in this posting series. The following analysis is being completed with the knowledge learned from a book written by Constance Brown, entitled "Technical Analysis for the Trading Professional. The author has discovered that time and price (here-after referred to as T&P) have an amazing confluence which can provide insight into different trading techniques. Naturally it would be unwise to trade from the T&P signal alone. However, when used as a component of a trading program, T&P analysis can assist with determining dates of superior importance. Three of the following four charts will provide analysis on historical price action in order to assist if you choose to apply it yourself. With the remaining chart I will attempt to determine a future T&P confluence. This forecast will be updated.

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