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--- In <A
href="mailto:realtraders@xxxx";>realtraders@xxxx, "Gary Fritz" <<A
href="mailto:fritz@xxxx";>fritz@xxxx> wrote:> > HA : YOU
PROBABLY DID NOT READ MY POSTS, I DID "NOT" PREDICT > > THE "TOP" ON
5/11/2001(IT IS ALL IN YOUR MIND), I SAID "TURNING POINT"> > YOU
APPEAR DON'T KNOW WHAT YOU ARE TALKING ABOUT.> > HA; I "REPEAT" WHAT I
SAID, I DID "TIME ANALYSIS" AND NOT "PRICE > > ANALYSIS"(DO YOU KNOW
THE DIFFERENCE?!!!!)> > I freely admit I do not. All my work
has been entirely price-based, > and I had the same confusion that Dennis
expressed. Could you > explain exactly what you mean by a "turning
point," if it does not > correspond to the time or price where prices
turn? That would help > us time-ignorant types understand your
posts better.> > Gary
Gary,
Price analysis is completely different from time
analysis, let me explain:
TOP OR BOTTOM HAS NOTHING TO DO WITH TURNING POINT,
TOP CAN BE REACHED THEN STOCK, FUTURE ...etc CAN BE TRADED AROUND THE TOP OR THE
BOTTOM UNTIL "TIME" COMES AND THE STOCK "TURN" UP OR DOWN. THIS IS THE
"FOUNDATION" OF ANY PATTERN SUCH AS FLAG, PENNANTS....etcWITHOUT
KNOWING"TURNING POINTS" YOU WILL NOT BE ABLE TO TELL HOW LONG THE PATTERN WILL
LAST BEFORE GIVING YOU "TURNING SIGNAL"
Please see attachment.
Haytham
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Attachment:
Description: "Top vs Turning Point.gif"
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