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Check again.
Fasten seat-belts for the Grand-Final.
Then again for the long awaited collapse.
Lets ride the roller-coaster.
There is a small h+s from dec97-feb98,
but as long as the trend-support-line holds,
this diamond will proof to be a d.....d, that is
if you're expecting the MAIN top this month as well.
Weekly and monthly data show the TSL to be in tact too.
Ceiling at 125-127 as target for the next 2-5 weeks, and
115-118 as Floor within the next few months or so.
Your last statement will be correct though. Titanic Bonds.
Ton.
-----Oorspronkelijk bericht-----
Van: Al Taglavore <altag@xxxxxxxxxxxx>
Aan: MetaStock List Group <metastock-list@xxxxxxxxxxxxx>
Datum: woensdag 4 februari 1998 22:35
Onderwerp: Head and Shoulders pattern
>To all of you fellow chartist: Is the Mar 30Y Bond tracing out an unusual
>trading pattern or do I have eye strain? On the weekly chart, there
>appears to be a left shoulder from July to early Sept, and the head formed
>in January. On the daily, it appears that the first right shoulder is
>being formed now. If anyone else is seeing this, please comment. I have
>only seen two or three double shouldered H&S pattern. I have seen some
>rare Double H&S formations. (see page 77&78 of Edwards&Magee)
>
>If this is correct, measured move down would be in the 116-115 area. That
>would propel interest rates back to the 7% area and would wreck havoc on
>the stock markets.
>
>Al Taglavore
>
>
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