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after my CRB I have checked Bonds again and taking a more unuasual aproach
at looking at Bonds reveals that, perhaps,
will we not reach more than 199 in CRB anyway?
Using Jeanne Long's Galactic trader we find some very interesting things.
She is using what she calls 24-pricelines which, as I understand it is
developed from her Wheel of 24 or he Universal Clock (Please don't ask me
the theory behind it).
Dividing prices from the basis of 24 shows some interesting
support/resistance levels which you can see on the encl. Monthly bondchart
from Dynamic trader (watch the arrows).
Check out the A, B and C at the 120 level where we now are. Combining the
tops with the 24 lines gives some solid support, then add the rising trend
line and we get some more support.
Unfair advantage seasonal index have a double bottom 3/29 and 4/29 (the
middle should be 4/15) at 115 ½ then rises to 129½ in 2½ month!
Supertraders Almanac's aniversary index shows a weighted high on 4/17 and
weighted low on 4/11 and Total 4/17.
Furthermore we ave minor astropoints on 4/15 (and New Moon) 4/23+4/24 and
Bradly index low on 4/20
Armstrong in his world Capital Review has support levels at 117.28 and then
102,05-105,25. A Mntly CLOSE below 118.14 should put his bullish scenario
of 156.10 in question.(!)
Could it be that the falling Bonds will stop falling into the middle of
April? At around 117? for new highs? Hmmmmm
And isn't it odd that gold hasn't moved while grains etc have gone up.
Isn't it usually Gold that moves first when inflation is at hand?
Please watch the regression lines in the chart and remember the degree of
rise when looking at the chart from Galactic trader in my next post.
rgrds
Stig
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