|
PureBytes Links
Trading Reference Links
|
Stig -
That is a might flat looking left shoulder for a head and shoulders
formation if u r talking about the sideways band at the start of last
year. If you are using early 1997, it is a better left shoulder. The
other problem is this does not look like much of a right sholder
eiteher, though the trading rfom November to January did look like one.
Steve
Stig Olausson wrote:
>
> I am amzed that nobody have mentioned the potential Head and Shoulder
> formation in June T-Bond (and where the neckline was marginally broken
> intraday, yesterday) and this baby has a potential of 104!! (no time
> potential)
>
> This is very interesting, since most analysts are projecting a bottom in
> the 117 area. Well, if we see abottom there, it looks like it's going to be
> the break of the neckline and the bottom will only be the bottom of a
> reaction back to trendline...
>
> What's more interesting is the falling wedge that developed before the H&S.
> We broke down on the "Wrong" side and the breakdown looked like a failure,
> but we went up to the upper trend line of the wedge and have now returned
> back down. So it looks like the 1st break was true enough since the test
> have been confirmed bearish.
> Like I have said before - the interesting thing about falling wedges, is
> that knowbody seems to recognize them (except for RT's now...), look in any
> text book (edwards and Magee for instance -they don't exist!!!!)
> Perhaps thats why they work so well and brutally.
> If we WILL see the 117 bottom - look for a following!
>
> regards
> Stig
>
> ----------
> > Fra: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
> > Til: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Emne: Re: june bonds
> > Dato: Wednesday, May 05, 1999 5:16 AM
> >
> > Hi Ben et al,
> >
> > I got this new toy and I haven't got the slightest idea what I'm doing
> with
> > it; but this is what I came up with on the Bonds using this MESA-Graph
> > (Maximum Entropy Method)that I got from our Sentinal Trader. It looks
> > interesting and shows an eventual drop to about 117 in early July. HeHe,
> I'm
> > sure not putting money on it.
> >
> > If anyone knows how these inputs work it would sure be nice to know what
> I'm
> > doing.
> >
> > Brent
> > -----Original Message-----
> > From: Proffittak@xxxxxxx <Proffittak@xxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Date: Tuesday, May 04, 1999 5:12 PM
> > Subject: june bonds
> >
> >
> > >hello
> > >
> > >as you know a few weeks ago i did not think we will break 120
> > >we did today
> > >crb index and goldman sacks index are creeping up
> > >and oil index and spot had DOUBLE from its low
> > >
> > >if sp500 goes south would bonds rally???
> > >maybe temporrarily,,,
> > >but if funumentals pressit to be bad,, then bonds should continue
> south
> > >just my view
> > >Ben
> > >
> >
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
Tel: 201-995-0845
Fax: 201-995-0846
Email: swp@xxxxxxxxxxxxxxx
|