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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (37747)	10/20/1999 4:28:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

ynot, TP's are drawn off the pitchforks as explained by GZ in earlier posts. They are "windows of opportunity for change." They can become tops or bottoms, but generally bring about a change in direction of trend going into that time period. They are difficult to trade without practice because you don't absolutely know which direction the move will travel or the distance. Sometimes it is a pivot, other times a pause and/or continuation of the established trend. But remember they represent both a point in Time and Price. Time Projections are a part of the Cycle Life of the pitchfork and require watching the results of their activity carefully. Chip GZ,s description starts here Message 6496204

To: ynot who wrote (37747)	10/20/1999 5:10:00 PM
From: GROUND ZERO™	Read Replies (4) \| Respond to of 44573

Those turning points are very important to understand.... people talk about 'timing 'the markets, but very little attention is really paid to time itself, only price... time should be traded as well, and is equally as important as price..... if you knew how to trade time, you could trade price with your eyes closed.....<g> W.D. Gann wrote about time and price squaring, but modern technology has done away with the old fashioned tried and proven methods that were so simple to apply in exchange for the fancy techno-gadgets that make money only for those who sell them..... GZ