[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[RT] Re: FUT - positions, orders, and thoughts

PureBytes Links

Trading Reference Links

 
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=windows-1252" http-equiv=Content-Type>
<META content="MSHTML 5.00.2722.2800" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV>Updating my&nbsp;work in gold, April Gold looks rather bearish:</DIV>
<DIV>&nbsp;</DIV>
<DIV>1) more than 78% of the rally beginning 28Jan has been retraced.</DIV>
<DIV>2) last 7 trading days combines a bearish triangle with&nbsp;a bear flag 
which has failed to retrace more than 25% of the last decline. The bear flag 
projects to 272.</DIV>
<DIV>3) OBV is showing clear distribution when compared to the 28Jan low.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Earl</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> Wednesday, March 15, 2000 6:37 
  AM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: FUT - positions, 
  orders, and thoughts</DIV>
  <DIV><BR></DIV>
  <DIV>I watch all of the major futures markets, but only trade a few at a time 
  ..</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Bonds ... look very bullish</DIV>
  <DIV>S&amp;P ... modestly positive subject to further decline in NASDAQ</DIV>
  <DIV>Silver ... frittering away its rally time</DIV>
  <DIV>Gold ... appears to be under distribution</DIV>
  <DIV>Copper ... any further decline suggests recession</DIV>
  <DIV>Cattle ... short is running out of time, looking for long</DIV>
  <DIV>Grains ... bullish, price objectives met, looking for pullback</DIV>
  <DIV>Sugar ... expect retest of low, been yanked around enough in NY</DIV>
  <DIV>Cocoa ... bullish, due for consolidation above weekly trendline</DIV>
  <DIV>Cotton ... same as Cocoa</DIV>
  <DIV>Currencies ... watching for cyclical bottoms</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Am generally boycotting NY markets.</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Earl<FONT size=2></DIV></BLOCKQUOTE></FONT></BODY></HTML>
</x-html>
Attachment Converted: "f:\eudora\attach\GC00J.gif"