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In a message dated 2/13/99 2:33:33 PM Eastern Standard Time, t-
bondtrader@xxxxxxx writes:
<< A J-Hook singled out a major bounce - and a good trade to the
Double Top, >>
Bill,
One thing I keep in mind is to look at two bars added together. Where you
see a J-Hook on that time frame, one can see a huge Hammer on a longer (two
bar) time frame. A double doji on two bars is an even (potentially) larger
doji on a single bar in a longer time frame.
I don't follow bond futures, but I do keep track of TYX, the 30 year bond
yield. That way I can follow the daily bond trend without changing contracts.
It has had a nice bottom set-up, a triangle poised to break multiple downtrend
lines, including a two year DT line which it broke seven sessions ago.
Interestingly, the Nikkei 300 has a very similar 6 month chart to TYX.
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