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Actually, I was referring to the chart of the SPX. It looked like it
was placed on the close or open, not the close, But I read in your
other post that it was used from the low.
Also determining a starting point is always a concern. I will post a
chart I did with Pyrapoint for the Dow.
Steve
--- In realtraders@xxxx, Clyde Lee <clydelee@xxxx> wrote:
> Absolutely WONDERFUL question ! ! ! !
>
> You said: significant highs or
> lows.
>
> The wonderful thing about my implementation of
> this is that the HUMAN (who is very fallible) does
> not have diddle to do with determining what is a
> "significant high or low" other than setting the
> length of detection for TURNING POINTS.
>
> From you question/comments I assume that you do not
> agree that the turning points selected by the program
> were "significant". Well maybe not but I will
> absolutely guarantee you that they are CONSISTENT.
>
> If I want to have a look at something more
> "significant" then all I do is change the length
> used in detecting TURNING POINTS.
>
> HARD CONCEPT to accept I know but if we cannot do
> something that is ABSOLUTELY consistent then we
> should not take that approach of analysis.
>
> Few if any other authors/designers/implementers of
> swing related systems are so "hard-nosed" about the
> necessity of absolutely consistent approach to where
> TURNING POINTS occur.
>
> Clyde Lee
>
>
>
>
>
>
> - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> Clyde Lee Chairman/CEO (Home of SwingMachine)
> SYTECH Corporation email: clydelee@xxxx
> 7910 Westglen, Suite 105 Office: (713) 783-9540
> Houston, TX 77063 Fax: (713) 783-1092
> Details at: www.theswingmachine.com
> - - - - - - - - - - - - - - - - - - - - - - - - - - - -
>
> ----- Original Message -----
> From: gts@xxxx
> To: realtraders@xxxx
> Sent: Wednesday, July 04, 2001 17:15
> Subject: Re: [RT] Damn the Red Channel
>
>
> May I ask why you did not set up your Pyrapoint chart on the low?
My
> understanding is that it should be used from significant highs or
> lows.
> Thanks
> Steve
>
>
> --- In realtraders@xxxx, Ira Tunik <irat@xxxx> wrote:
> > Here is the Pyrapoint solution. Also between the redline down
move.
> > This is the 90 degree solution with support at 180 degrees and a
> > reversal at the next vertical line. From past performance, +/-
a
> couple
> > of bars.
> >
> > Clyde Lee wrote:
> >
> > > Look an see -- how long will this last ????- - - - - - - - - -
- -
> - -
> > > - - - - - - - - - - - - - -
> > > Clyde Lee Chairman/CEO (Home of SwingMachine)
> > > SYTECH Corporation email: clydelee@xxxx
> > > 7910 Westglen, Suite 105 Office: (713) 783-9540
> > > Houston, TX 77063 Fax: (713) 783-1092
> > > Details at: www.theswingmachine.com
> > > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to the Yahoo! Terms of
> Service.
>
>
> To unsubscribe from this group, send an email to:
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>
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