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The financials have been really dicey so it's hard to be confident of much,
however my best estimate right now is that any rally here will be confined
by the upper regression channel boundary shown on the UsSepD (daily) chart I
just posted. This would give us a 3 point rally just shy of 117. Of note is
the 5 day congestion period two days either side of 6/4 which traded
entirely within the 6/4 range of 116^20 - 115^18. I expect that this area
will provide very significant overhead resistance.
Earl
----- Original Message -----
From: swp <swp@xxxxxxxxxx>
To: realtraders <realtraders@xxxxxxxxxxxx>
Sent: Monday, June 14, 1999 10:37 AM
Subject: bonds,re earl and stig
> Also see trendline from 1984 a bit above 112... Think we may have begun
> 4th wave rally here (had a 6.13% target and as long as we stay below
> 6.21% we can be okay). Means 6-point rally possible followed by 5th wave
> low near 113 and then larger drop later this year or next in wave-C or
> wave-3 of bear market in bonds.
> --
> Steven W. Poser, President
> Poser Global Market Strategies Inc.
> http://www.poserglobal.com
>
> Tel: 201-995-0845
> Fax: 201-995-0846
> Email: swp@xxxxxxxxxxxxxxx
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