|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<META content='"MSHTML 4.72.3110.7"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000 size=2>Norm - your Februay DB would have had me
worried from the big bars that preceded the the second part of the set up and I
know I didn't buy it. But as you know I day trade the bonds and only
play around with Gold as just something I do with options from time to
time.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Notwithstanding Clyde's scathing comments about
history, for me, the DB was worth buying. At the time the weekly chart was
showing a Doji Sandwich, as indeed was the monthly chart (which got rather more
dramatic as the month concluded!!). My point really was to look to TA
rather than fundamentals for the short term (and, of course, I ignore
fundamentals altogether on a daily basis on the bonds). For me, it was
also on a TTT that looked (with the DS) that it was going to
fail. The speed and the distance was, as I said, a huge
windfall. Good, we all welcome them!</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Of course DBs and DTs do not always work out and
your 50% on two occasions proves the point - except, the money that would have
been lost on the option on the first one was rather well compensated for with
the second. For me, Gold had to go somewhere and, as I say, I reckon
it was crying out to be bought on the way I look at the technicals - albeit
without the aid of the swingometer, the stars or other
indicators.... but don't let's get into all that. As I
said, it was worth a punt, that's all.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>End of story - </FONT><FONT size=2>back to
bonds!</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Bill Eykyn</FONT></DIV>
<DIV><FONT size=2><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sun Oct 03 12:18:48 1999
Return-Path: <owner-realtraders@xxxxxxxxxxxx>
Received: from ml.nw.verio.net (ml.nw.verio.net [204.202.220.47])
by purebytes.com (8.8.7/8.8.7) with ESMTP id MAA13737
for <neal@xxxxxxxxxxxxx>; Sun, 3 Oct 1999 12:12:46 -0700
Received: (from majordom@xxxxxxxxx)
by ml.nw.verio.net (970819888) id LAA05957
for realtraders-sendemout; Sun, 3 Oct 1999 11:41:47 -0700 (PDT)
Received: from mail1.nwnet.net (mail1.nwnet.net [192.220.251.8])
by ml.nw.verio.net (970819888) with ESMTP id LAA05945
for <realtraders@xxxxxxxxxxxxxxx>; Sun, 3 Oct 1999 11:41:41 -0700 (PDT)
Received: from mail3.atl.bellsouth.net (mail3.atl.bellsouth.net [205.152.0.38])
by mail1.nwnet.net (970819888) with ESMTP id LAA18475
for <realtraders@xxxxxxxxxxxx>; Sun, 3 Oct 1999 11:41:39 -0700 (PDT)
Received: from gta3 (host-216-78-43-56.ath.bellsouth.net [216.78.43.56])
by mail3.atl.bellsouth.net (3.3.4alt/0.75.2) with ESMTP id OAA28438
for <realtraders@xxxxxxxxxxxx>; Sun, 3 Oct 1999 14:39:41 -0400 (EDT)
Message-Id: <199910031839.OAA28438@xxxxxxxxxxxxxxxxxxxxxxx>
From: "Tom Alexander" <gta3@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Subject: Dec Bonds
Date: Sun, 3 Oct 1999 14:42:39 -0400
X-MSMail-Priority: Normal
X-Priority: 3
X-Mailer: Microsoft Internet Mail 4.70.1161
MIME-Version: 1.0
Content-Type: multipart/mixed; boundary="----=_NextPart_000_01BF0DAD.8AB0A940"
Content-Transfer-Encoding: 7bit
Sender: owner-realtraders@xxxxxxxxxxxx
Precedence: bulk
Status:
Bonds appear to be at a very, very interesting juncture. First, and most
exciting, the bonds appear to be tracing out an Elliott wave diagonal
triangle. This is one of the most useful patterns in Elliott because of
what it portends. The diagonal triangle always occurs as the last move
prior to the final thrust in the direction of the bigger trend, and is
followed by a swift move in the opposite direction. In the case of Dec
Bonds, a break of the triple bottom at 112^15 appears imminent and should
quickly cover several points, to as low as somewhere in the 109's. Bonds
would then have completed 5 down off their all time highs and we should see
a deep retracement of the entire move.
A move above 115^16 invalidates the above and something else is going on,
probably that an intermediate bottom is in place.
Regards,
Tom Alexander
Attachment Converted: "c:\eudora\attach\BOND.gif"
|