|
PureBytes Links
Trading Reference Links
|
At 10:27 AM 3/10/98 -0500, G.John Boggio wrote:
>Stig and RT's,
>
> Upon looking at the graph (wheartw.gif), it would appear that the recent
>candlestick patterns over the last few days represent a 'hammer' formation.
> Typically, these patterns occur at the bottom of a downtrend and suggest
>that the buyers are looking to take control.
>
>John Boggio
>
>
>At 03:43 PM 3/10/98 +0100, Stig Olausson wrote:
>>TR's
>>
>>Take a look at this gigantic falling wedge in March Wheat and the
>>divergence in Stoch and StochRSI.
>>Perhaps it's time to take a closer look at what is happening in MAY
>>wheat...
>>As most of you probably know, a falling wedge is bullish and the divergence
>>we see in the oscillators, are also bullish. But we are still waiting for a
>>break out..
>>But if we look closer, we find that we yesterday broke out of a small 4 day
>>long BULLflag, with declining volume as confirmation. this bull flag has a
>>potential objective which is above the higher trendline in the falling
>>wedge.
>>
>>We can also distinguish a larger rising BEARflagg. If we place a stop and
>>reverse just below the lower trendline we have a rather low risk high win
>>potential.
>>
>>I think I will do that today!
>>
>>
>>Regards
>>
>>Stig
>>Attachment Converted: "c:\eudora\attach\Wheatw.gif"
>>
>>Attachment Converted: "c:\eudora\attach\wheatd.gif"
>>
>
Your attachments were not converted. I can only conclude that
you just typed the line and did not use the e-mail attach function.
Pete
petena9090@xxxxxxxxxxxxxx
|