Elliott | Gann |Kondratieff | Time Segment Analysis | Technical Analysis | Sentiment | Charting |

Tenorio Research Market Analysis

Introduction to Time Segment Analysis.

Time Segment Analysis (TSA) is an outgrowth of W.D. Gann's concept of taking market cycle time lengths, or price numbers converted to time lengths, and adding them to key dates of the past: highs, lows, or big range days.

For some early pioneers in this technique such as Charles Plank, it was natural that Gann or Fibonacci extensions should serve as time projections just as they had for price projections. Thus 1.618 (or Gann 1.625), 1.50, or 1.382 time projections were used.

Several computer programs are in large part based upon this technique. Ed Kasanjian's Nature's Pulse has the capability to screen for time time lengths, do multiple projections from each one, and plot them beneath a price chart. Clusters of the projections, or "hits" are thought to be of greater importance than solitary end points.

Robert Miner's Dynamic Trader program includes the capability of doing individual time length projections along with price projections and other technical tools. This excellent program is heavily weighted toward Elliott Wave and Fibonacci projections.

One of the more exciting developments in TSA was the publication in 1992 of Christoper Carolan's "The Spiral Calendar and its Effect on Financial Markets and Human Events." (New Classics Library, PO Box 1618, Gainesville, GA 30503, ISBN 0-932750-21-4.)

Carolan was a Pacific Coast Exchange options options floor trader during the 1987 crash. Anyone who knows what some options traders went through during those harrowing days will understand why someone with Carolan's intellect would seek a cause other than the "usual suspects" of news, politics, and Federal Reserve policy.

Read the book! But basically Carolan discovered a numerical time series based upon the square root of successive Fibonacci numbers multiplied by the length of the lunar month. He was led to the lunar month by realizing that the 1929 and 1987 crashes occured upon the same day of the Jewish lunar calendar.

There are a number of numerical series in addition to Gann, Fibonacci, and Carolan's Spiral calendar. It is a simple matter to create spreadsheets to add these sequences to important past (or subtract from future!) dates to find clusters of hits which target probable changes in trend.

There are still other TSA techniques, but the upshot of them all is an improved ability to project times for markets to turn which in some ways is superior to price projection.