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<DIV><FONT face=Arial size=2>On the daily or 400 minute chart I like to see more
than just couple of bars to call it a wedge. In my book we have had a
couple (see attached Gif - this time it is there I trust!) and you will see what
I mean.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>From a day trader's perspective, it doesn't matter
too much whether it is for real or false, because it is the day that
counts. It is just that it can prime you to be aware from what is
happening in the bigger picture while you are trading what is actually
happening. If the stock market's rally continues today like it is doing
right now, then we could end up (on the bonds) with what I call a Duke of York
day. The S&P of course will not complete the Doji Sandwich
(which was clear from the off!), but if it bounces on Yesterday's Low, it will
push the bonds back - all jolly stuff for the position player to ponder!
</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>The day trader catches swings and moves of the day
- all we ask a little volatility, not a lot, just a little - and a break
out of the congestion of how ever many wedges you can see. </FONT><FONT
face=Arial size=2>While on wedges let me say that I prefer the flat top or
bottom wedges, rather than these cheese-like jobs which can go either
way. Intraday, they are an excellent signal to put you in the right
direction.</FONT></DIV>
<DIV> </DIV>
<DIV>Bill Eykyn<BR><A
href="http://www.t-bondtrader.com">www.t-bondtrader.com</A><BR>"Learn to read
the tape"</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Earl Adamy
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx"
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, March 13, 2000 1:44
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: Doji Sandwich on the
S&P</DIV>
<DIV><BR></DIV>
<DIV>There have been numerous false wedge breakouts in the bonds over the last
10 days or so</DIV></BLOCKQUOTE></BODY></HTML>
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