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At 07:53 PM 4/28/98 +0100, Bill Eykyn wrote:
>Hi all Spoo RTers!
>
>Thought this .gif file might be of interest. If the pattern holds and is
>worth anything, then it may be of some value for tomorrow.
>
>For everyone else - newbies in particular - it is a good example of a 1,2,3
>and how support, once broken, becomes resistance.
>
>If we are not careful, we could be getting something like this on the Bonds.
>If we hadn't had such a piddling range day today, it might well have done
>it. Now, we may have a couple more days like this, then on 1st May and the
>Employment Report, we could have a down day of all days (rather like poor
>old Britain had this time last year, when Mr Blair promised that his New
>Sleeze-Free Labour would act like a Tory government for the first term and
>then become a real Socialist one, in the second term!! - sorry any
>Englishman will know what I'm saying... and how it puts a whole new
>dimension on a 'down day'!!
>
>Anyway, a 1,2,3 is a good pattern and usually works more times than it
>fails...
>
>Bill Eykyn
>t-bondtrader@xxxxxxx
>
>
Bill, the Fib profit objective was approx 1078 for that 1,2,3,4
take a look..
http://www.purebytes.com/images/nh101.gif
-Neal.
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