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Has anyone noticed the action in the grains and metals. Are we seeing a basing
that could end the dream of no more inflation? How far will oil prices retrace
to give relief if the others start a protracted move? Triangles, flags,
penants are signs of indecision. Once the decision, the perception of things
to come, is set, hold on to your hats. Ira.
Earl Adamy wrote:
> 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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