Beginning on Wednesday, I'm modifying the pfe location ("pfe loc") to note cases where the line is at or exceeding 100, both positive and negative.
A pfe line of +100 or more will be coded as a light blue, as in blue skies.
A pfe of -100 or less will be code as a dark and dismal purple, as in the Purple Swamp of Despond.
I think it's important to note those levels explicitly. When the pfe line has maxed at the top, that means also a maximum stickiness to the upside for the price -- price rises are easier to attain that price declines. But it also means that there's not so much potential for accelerating stickiness.
The opposite is true when the pfe has maxed to the downside.
In either case, a pfe location at 100 or above is generally accompanied by a sideways (yellow) pfe trend.
Here's the full color key:
Key to the PPS/PFE tables
column | color | meaning |
---|---|---|
pps | bull phase | |
bear phase | ||
pfe trend | uptrend | |
no trend | ||
downtrend | ||
pfe loc | +100 and above | |
+50 to below 100 | ||
0 to below +50 | ||
below 0 to above -50 | ||
-50 to above -100 | ||
below -100 |
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