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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (5197)	12/10/2001 6:10:28 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hi Chip, I've been meaning to create a few charts to try to illustrate, a couple of time turning point ideas that are imo something of a hybrid between speed resistance lines and Some of the Angular time work that is GANNish in nature. I've not finished with them, as this weekend was a write off in getting anything done and I've been just finishing a work project today. I hope to get some chart creation time a bit later this week. But to answer a couple of questions. The lines can definitely be used off of both peaks and lows. One interesting aspect is that you often get time turning points when you get the intersection of speed resistance lines; 1 line coming up from an important prior low. The other line, come down from a previous meaningful top. They meet and when they do, it can be a time turning point. Then more significantly,.you can look for where these turning points are also FIbonacci TIME distances from significant, previous tops and bottoms, when they overlap, and act as magnets then their predictive value increases. There are some related GANN angle techniques that seem to be similar to this. Squaring of time is a significant different technique that will also seem to often line up at similar important juncture. an analogy, Sanskrit, Mandarin Chinese, Hebrew, and English are very different languages, with different structural techniques, yet in different ways they can all tend to convey the same information. I really do want to post some charts showing how you can use a 45 degree and 60 degree angular line off of two related tops or bottoms and show how you get a time turning point when the faster angle, catches up (intersects) the slower ( small angular line). So much of this stuff really needs to be illustrated, with nice chart examples to make sense, I now you've been working with these techniques, and so you can kind of visualize much of this. talk to you soon, John