PureBytes Links
Trading Reference Links
|
123.3 will hold in June bonds. 126.60 will act as first resistance on
the way up (mid-May) 129.00 will be second res. as the US stocks
hiccup and there is a flight to quality.
τΏτ
r/Gary
---Tom Stein <comfut@xxxxxxxxxxxxx> wrote:
>
> A little contribution re: Bonds....This is a long term outlook.......
>
> I will first give you a little Elliot Wave(it's easier than you
> think)....then an idea using simple trendlines............
>
> The drop from 123.28 to 118.10 was a 3 wave affair.....this tells us
that
> 123.28 has a very high probability of being taken out again(yahoo for
> refinancing!!!!!!).......
>
> The rally from 118.10 to 122.28 was also a 3 wave affair............
>
> Thus we can say that we are either in an ABC correction or an ABCDE
> correction....BOTH have the same implications.....123.28 should be
> exceeded......
>
> HOW does one make the $$$$$$$.......
>
> 1)IF A=C...then we have a downside target of 117.10....maybe a good
spot to
> look for buy signals??????????
>
> 2)IF this winds up being an ABCDE....contracting triangle.....then
118.10
> may not be exceeded on the downside....we may be in wave
C,now...with a
> smaller up then down sequence for the D and E.......
>
> Okay....now for us simple minded traders....draw a trendline from
123.28 to
> 122.28........
> When that is exceeded.....we should be in a thrust that takes us above
> 123.28...........
>
> I will update as we go along, so that maybe IF I'm lucky enough to be
> correct....someone may benefit from the simplicity of using
trendlines to
> make a little money......
>
>
> Tom Stein
> comfut@xxxxxxx
>
>
>
>
_________________________________________________________
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com
|