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Hi Ira ,
Thx for the chart,...
I dont know much about Pyrapoint but I'm assuming from your chart &
explanation that 45 degreees (& multilples off) , are considered important
time /price levels in this Pyrapoint methodology (in line with the general
time/price squared methods)?
If I am interpreting correctly does this mean the low on your chart , (at
98'00 Mid December 2001) did not show up as a significant turn..ie
eyeballing looks like low was around 119 degrees Versus I assume 135 degrees
(or 90 degrees) for a theoretical perfect (price only) levels (ignoring time
count in my question).
Is this a correct interpretation ..or am I over simplifying here?
I notice you have the green horizontal lines every 11 degrees ...is the
distance traversed between these green lines considered significant
potential square levels in this method?
Thanks ..just asking really to see wether I was reading this data
correctly or not.
Michael
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, January 26, 2002 9:11 AM
Subject: Re: [RT] Fwd: Bond and S&P update- 2nd try
> Here is the Time and price square using PyraPoint and an 11 degree angle.
It
> indicates a 10-11 bar cycle and the reversal lines appear to be accurate.
> The 90 degree support level is 101-06. If my entry price to the downside
of
> 101-31 is hit then the target price would be 101-07. Close enough for
> dancing and hand grenades.
>
> topos8 wrote:
>
> > I tried to post this a couple of minutes after it was written but
> > somehow it got lost in cyberspace.
> >
> > --- In gannsghost@xxxx, "topos8" <topos8@xxxx> wrote:
> > AS I write this the March bonds are trading at 101-24 (up from
> > today's low at 101-13) and the 10 year notes at 105-05.
> >
> > In GG#8718 I said that the bonds would stop at 102-24 support and
> > then rally to 105-08. In the event the support held only for two days
> > before the market headed even lower.
> >
> > My method for squaring price with time now tells me that the bonds
> > have reached very strong support near 101-16 and the notes near 105-
> > 00. From here both market should move up strongly. The bonds should
> > move well above 105-00 and the notes should reach 108.
> >
> > This is likely to be the last rally in the uptrend which began from
> > the December lows. Once a top occurs both the bonds and notes are
> > likely to drop below the December lows.
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
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