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Bill----
I want to thank you very much as I was wondering about this market.
Strategy ---
I will take the first two minutes trading range of the market and enter at
the end of one hour on which ever side the range
----- Original Message -----
From: t-bondtrader <t-bondtrader@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Sent: Wednesday, October 06, 1999 3:06 PM
Subject: December Bonds
> It is rare if not unique for me to make predictions on the market, but as
I
> am away from the office all tomorrow, I thought I would put forward a
> thought for those who day trade (or perhaps even very short-term position
> trade) the bonds.
>
> Today, the market has ended as a doji and with yesterday being a big down
> day, this leaves the possibility that tomorrow will be an up day - thus
> completing what I call a Doji Sandwich. This would be a strong reversal
> pattern, but since it incorporates the Contract Low, it could lead to a
good
> up move of a few days. The natural target would be around 115 and the
> northerly trend line, before descending again.
>
> On the other hand, if tomorrow is a solid down day, it would be a
> continuation pattern, which, since it will result in breaching the
Contract
> Low could be a decent move down - even the break out of the near wedge
that
> has been building since the end of June. Since the record high of early
> October last year, each leg down from a sideways congestion has been
> substantial. Breaking out of a wedge could herald quite a decent move.
>
> Since Today has also caused an Inside Day, if the high is broken (thus
> setting up a DS) there could be quite a few ticks in the move. If it
> breaks the low, a similar standing of down move could occur. If we have
> another low range day, personally I won't be disappointed because I won't
be
> trading. But the following day...
>
> Hope this gives some people food for thought...
>
> Bill Eykyn
> www.t-bondtrader.com
>
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