TIME AND PRICE EXAMPLES
In this first example of time and price coming together, we are looking at
a daily chart of Google (see Figure 13-1). Here we had a confluence of the
timing cycles due between 12/29/05 and 12/30/05 as we tested a key
price support cluster at the 414.05–415.61 area. With the elements of both
time and price relationships coming together, we wanted to watch for a
possible low and upside reversal to develop at that time. The actual low in
this case was made just slightly below the low end of the cluster zone at
the 413.74 level. A rally of at least $61.00 was seen relatively quickly from
this time/price low.