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PureBytes Links
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If you go to www.ensignsoftware.com and look up PyraPoint, it will give you a
complete explination of how it is supposed to be used. Including the red and
green diagonal lines. If you can't get the information, let me know and I will
get it for you. Ira.
Michael wrote:
> 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.
> > >
> > >
> > >
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> >
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> >
> >
> >
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> >
> >
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