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Some 3 dimensional projections of different price behaviour surfaces are revealed for MMM common shares. In addition to the dimensional information in these surfaces, they contain all of the spectra data from the multi-spectral analysis stage. The next page reveals some of the composite behavior surfaces in higher dimensions for MMM.
This is a piece of the Volumetric Price Behaviour Surface for MMM. The high ridges represent price levels associated with high transaction volume. The tinting of the surface indicates if the volume was associated with rising or falling prices, with warm colors indicating falling prices. Blue indicates price levels associated with rising prices, while levels where buying and selling were roughly equal, while show as grey or black. The intensity of the color gives a gauge of the imbalance between the competing moods of fear and greed in the market psychology.
For an animated view of this surface click here.
The left view is looking from the lower right corner (low on the price axis, most recent on the time axis. The right view is looking down on the same surface from the upper right corner of the chart, looking from the high end of the price range. Historical prices from 128 sessions back (far end) to the most recent (nearest edge) are traced in red. The mouse rollover flashes a comparison surface based on market behavior described by Jessie Livermore. This contrarian surface is described more fully below. |
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Below is a magnified section showing the last few days in greater detail. Colors have been rebalanced to correspond to the statistics of the smaller area.
Trend Reversal Price Behaviour Surface
A different analytical concept generates the Trend Reversal Price Behavior Surface. Here the height indicates the number of trend reversals that have occurred at the various price levels. ( A trend reversal occurs a price run of consecutive rising prices or falling prices comes to an end. ) Tinting shows if there was a preponderance of positive or negative reversal at a particular price level, with warmer colors warning of negative reversals. So a red layer shows a level where upward trends have often died, (resistance levels), while blue layers show support levels where downward trends have been halted.
Again, the left view is looks up from the lower right corner of a chart as normally presented and the right view looks down from the top right. Historical prices from 128 sessions back (far end) to the most recent (nearest edge) are plotted in red. |
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In the 2 dimensional detail below, the tinting is adjusted to bring out recent details.
Livermore-Lefevre Price Behaviour
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A concept based on the ideas of Jessie Livermore and described by Norman Fosback, attaches significance to price movement that occur on low volume. Presumably these can give a clue to the existence of certain types of insider manipulation. This projection produces a surface from the quotient when the price movement for a session is divided by the volume for the session. |
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Below, the tints in small section of the contrarian surface have been calibrated to bring out detail in the smaller area.
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