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<DIV><FONT face=Arial size=2>Thought you guys might like to see how the market
has developed since the Doji Sandwich was formed on the Contract
High. As you will see from the attached .gif file, the market
has come off appreciably and we are likely to reach the bullish retracement line
(at least according to how I measure it!), when we may see the market climb and
exceed itself.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>If it goes through, then the next target is 94^10
and if it gets to 93 evens, we can consider the bull move over and the bears
very much in command.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Anyway, those who bought a few puts at 98^14,
should be well pleased with their progress...</FONT></DIV>
<DIV><FONT face=Arial size=2>but just watch the retracement line - a DS around
here going the other way, could be quite significant.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>From a day trading point of view, we have had some
good day ranges since the DS and we can but hope that the momentum will
continue. The NASDAQ might be taking a hammering and the Spoo trying to
force itself up, but at least this has had a good, daily, effect on the bonds -
albeit in a downward direction. But with a super doji smack on the
pivot at 9 o'clock, there has been a good pocket full of tin to
collect...</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Glad to see RT has got over its probs...
happy trading and hope this helps...</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Bill Eykyn<BR><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read
the tape"</FONT></DIV>
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