by Steven Grimaldi gts@nb.net Don Hall's Pyrapoint is used with Ensign Windows. This plots Gann's Square of 9. The starting point was the market high. Everything else is projected into the future without manipulation. The blue horizontal lines are major support / resistance for 45 degree squares from the high. The vertical lines are time periods. Notice that the major turning points occur near these cyan vertical lines. I created this within minutes of ordering the Pyrapoint tool. I have not even read the 300 page manual that is currently being shipped.
360 degrees of the Square of 9 is the bottom of the market on 03-22-2001, at a one year cycle from the market high on 03-24-2000. On 05-22-2001 we hit the 180 degree Square of 9 from the market high on 03-24-2000. The turning point also occurred at an exact vertical time point. This gave a very strong sell signal along with others. Phi = 1.618. 05-22-2001 is 424 calendar days from 03-24-2000 all-time S&P 500 high. Phi cubed times 100 = 424. 05-22-2001 is 263 calendar days from 09-01-2000 the S&P double top. Phi squared times 100 = 262. 05-22-2001 is 61 calendar days from 03-22-2001 low. 1 / Phi = 61.8 Helio cycles: Synodic: JU 15 from 11-06-2000 S&P high. JS 15 from 07-31-2000 low. Sidereal: Mars 120 from 09-04-2000 Labor Day. 240 from 01-17-2000 holiday (01-14-2000 Dow high). Geo: Moon-Sun-Saturn conjunction with Mercury-Uranus trine. The helio cycles come from Brad Cowan. The geo marker from Myles Walker. Reference: Someone smarter than I at the GannGhost group. (For more information on Pyrapoint, read the January 2001 and April 2001 issues of this newsletter on Ensign's web site) Trading Tip: by Howard Arrington I am often asked which tool or study is the best, as if there exists a simple answer to such a question. Instead of answering that question, perhaps I can help direct your attention to tools that should be given a higher priority. Let's start our discussion on priority by asking this question: How would you rank order the importance of Price, Volume and Time? I suspect that most traders, particularly new traders, would answer that Price is the most important market factor, followed by Volume, with Time being the least important. I suspect that this answer is given most often because Price is the easiest to comprehend, and Time is the hardest to understand. I have come to believe that Time is the most important factor, yes even ahead of Price, and if you would spend more effort analyzing Time, your trading success would improve. Too often analysis focuses on Price and ignores Time altogether. So, this month's trading tip is: Learn to use Time related tools. Hank Dean wrote, 'One of the most critical aspects of successful trading is not what the direction is or why it's happening. It is the mostly overlooked when. The when can often be forecasted just like phases of the moon or the tides or waves or rhythms of any kind. Using one very simple tool, time cycles, and some common sense, you can win consistently.' December 2000 Trading Tips newsletter: 'Cycles Tool' Let's take inventory of Time related tools:
I do not have space or time to give each of these tools new treatment in this article. The tools on my list have been discussed in prior articles in the Trading Tips newsletter, and a reference to the material on Ensign's web site will suffice. Of the above, my favorite tools are Pyrapoint, Trend Lines and Fibonacci Numbers in that order. I am not discounting the value of any of the others. It is just that when tools are more complex, such as Astronomical relationships, I tend not to use them as much as I should and I find myself seeing the correlation 'after the fact' |
