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Pyrapoint will work on an Ensign tick chart, but the theory is based
on price and time. The price theory will remain valid with horizontal
S/R levels, but the time turning points should not work. However,
they do sometimes. Truth or coincidience?
SteveG
--- In realtraders@xxxx, "Michael Ferguson" <wl7bdn@xxxx> wrote:
> Ira,
>
> Why the 11 bar cycle? Does the pyrapoint tool work on tick-bar
charts too,
> or only time-bars? It almost looks like a [Wed +/- 2] as far as
timing
> results.
>
> Is it customized for a particular timeframe?
>
>
> Michael: WL7BDN@xxxx
>
>
>
> ----- Original Message -----
> From: "Ira Tunik" <irat@xxxx>
> To: <realtraders@xxxx>
> Sent: Thursday, June 28, 2001 11:07
> Subject: Re: [RT] S&P symmetry
>
>
> > The system only projects forward so I can't tell you that. Here
is the
> > projection on the 60 min chart from the 21st, my high, and
another from
> > the 26th. The program appears to be self adjusting as to price
and
> > volatility. The charts may have different sets of numbers
because of
> > different starting points and different volatility. The time
will also
> > differ due to price. No conclusions yet as to its worth, more
study
> > ahead. Hope that this answers some of your questions. Ira.
> >
> > wavemechanic wrote:
> >
> > > Ira: Would you get the same results if you started at the top
on 6/22
> > > or the bottom on 6/26? Bill
> >
>
>
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