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Viewing report
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Alpha India Indices - The Time Proportion
Orpheus Capitals, June 2011, Pages: 6
The Time Proportion
Looking at ‘Time proportion’ in market or price data is a very old exercise, Benner did it in 1884, Elliott did it in 1934, Frost, Hamilton, Russell, Prechter and a host of other technicians have done it over years. I can count more than 10 time cyclists who also looked at market and economic data and time proportion. Richard Mogey and Bill Meridian have been doing this exercise for decades. All of the above practitioners know that there are many cycles acting at a certain time so many of them look at time proportion rather than equality. There is also a school which looks at equal cycles. I belong to the time proportionally school of thought which considers time equality as a subset of time proportionality. Today we have carried a case of studying the time difference in days between various intermediate degrees Nifty Futures lows. Now a non technician will call it mystical, but that’s part of the fun of doing these exercises. The time duration lows are shockingly proportionate. But this is what we have been writing about for more than 3 years now that time is proportional and statistically a gamma distribution, whatever way you look at a time series, whether as a ratio or a price or as a stochastic process.
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