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----- Original Message -----
From: "Joe Frabosilio" <joe6964@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 03, 2000 6:29 PM
Subject: [RT] Re: RT
> Cool,
>
> I can see someone's post from the list.
Re-send from yesterday - following email problems!
A good Inside Day trade today, for those who have to day trade to put bread
on the table, and the outside bar of a continuation Doji Sandwich for those
who position trade.
This DS is all the more significant because it is approaching the
extremities of the bearish retracement from the DS on the Contract High.
The portents must be for lower prices - especially if it breaks the line and
First Friday in May, might just be the catalyst.
While most DS patterns are at their most useful when indicating a change in
trend - as happened on cue with the last one I pointed out - when they
appear as a continuation pattern, as the market approaches a significant
line in the sand, they can be equally valuable.
I hope this is of some help to those who want to learn to read what the
market is doing from the price action itself, rather than the calculations
that are derived from it later (or too late!).
Bill Eykyn
www.t-bondtrader.com
"Learn to read the tape"
PS Today's price action is bearing out the probabilities once the bullish
line was broken - so the bonds, for once, seem to be going down along with
the S&P. Now that is nearly news these days!!
Attachment Converted: "f:\eudora\attach\Continuation DS.gif"
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