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Talk about triangles, the financial markets are littered with them. Anyone
notice the big triangle in the bonds and the confluence of upper trendlines
drawn from 2 sets of pivots? Or the possible head and shoulders? If bonds
tank the higher US rates should take the currencies with them.
Earl
-----Original Message-----
From: swp <swp@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, April 30, 1999 9:23 AM
Subject: Re: Jap.Yen Futures
>Triangle is also active on cash market. Wave counts (not Neely Wave) say
>yen should weaken sharply. Only caveat is that is what everybody thinks,
>and I still believe that US stocks are set to correct, after topping on
>6-May, 12-18% with risk of deeper drop possible.
>
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