|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN"><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<META content='"MSHTML 4.72.3110.7"' name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000 size=2>Sorry Bill NOW I see the Pole.....</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>On a 60 or 30minute chart..</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>But Ishouldn't have any problem calling the pattern a Head and
Shoulder either.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>And what's interesting then, is that since the wedge was
broken with an objectiv below the trend line int the H&S pattern, the odds
are increasing that the downside objective of the H&S also will be
obtained.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Just a quick reflection.........</FONT></DIV>
<DIV><FONT size=2>Stig</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Oprindelig
meddelelse-----</B><BR><B>Fra: </B>T-Bondtrader <<A
href="mailto:t-bondtrader@xxxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxxx</A>><BR><B>Til:
</B><A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>
<<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>><BR><B>Dato:
</B>6. juni 2000 15:26<BR><B>Emne: </B>[RT] Telegraph Pole on the
Hill<BR><BR></DIV></FONT>
<DIV><FONT face=Arial size=2>
<DIV><FONT face=Arial size=2>The upthrust, or Telegraph Pole on the Hill,
followed by an Inside Day, makes for a very interesting set up.
The former would indicate to me lower prices and a continuation of the
original bear move from the Contract High (particularly as we have not had a
close above the .618 retracement), while the latter, if the market breaches
yesterday's low should provide an immediate short trade. On the
other hand, if the market bounces on or just above YL, then it could well
climb and break through YH for a long trade.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>A break to the north might just make the
Telegraph Pole not look one, after all. Rather like at school when the
Probables played the Possibles, you could never be sure exactly who would
make the team...</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>
<DIV> </DIV>
<DIV><FONT face=Arial
size=2></FONT> </DIV></FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Tue Jun 06 07:04:44 2000
Return-Path: <listmanager@xxxxxxxxxxxxxxx>
Received: from mail.pajo.com (mail.pajo.com [216.116.96.4])
by purebytes.com (8.9.3/8.9.3) with ESMTP id GAA09118
for <neal@xxxxxxxxxxxxx>; Tue, 6 Jun 2000 06:59:51 -0700
Received: from REALTRADERS.COM ([208.179.56.198])
by mail.pajo.com (8.9.1a/8.9.0) with ESMTP id HAA22653;
Tue, 6 Jun 2000 07:03:05 -0700
Received: from thomson.uni2.net by realtraders.com
with SMTP (MDaemon.v3.0.3.R)
for <realtraders@xxxxxxxxxxxxxxx>; Tue, 06 Jun 2000 06:47:36 -0700
Received: from sas-hjemme-pc (p429-041.ppp.get2net.dk [195.47.142.169])
by thomson.uni2.net (8.10.0/8.9.1) with SMTP id e56Dr7D07303
for <realtraders@xxxxxxxxxxxxxxx>; Tue, 6 Jun 2000 15:53:07 +0200
Message-ID: <007401bfcfbe$9bf93680$afd852c3@xxxxxxxxxxxxx>
From: "Stig O" <olausson@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] Vs: Telegraph Pole on the Hill
Date: Tue, 6 Jun 2000 15:52:30 +0200
MIME-Version: 1.0
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 4.72.3110.5
X-MimeOLE: Produced By Microsoft MimeOLE V4.72.3110.3
Content-Type: multipart/mixed;
boundary="----=_NextPart_000_006C_01BFCFCF.38D7A620"
X-MDaemon-Deliver-To: realtraders@xxxxxxxxxxxxxxx
X-Return-Path: olausson@xxxxxxxxxx
X-MDRcpt-To: realtraders@xxxxxxxxxxxxxxx
Sender: listmanager@xxxxxxxxxxxxxxx
Precedence: bulk
X-MDMailing-List: realtraders@xxxxxxxxxxxxxxx
X-MDSend-Notifications-To: listmanager@xxxxxxxxxxxxxxx
Reply-To: olausson@xxxxxxxxxx
Status:
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN"><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<META content='"MSHTML 4.72.3110.7"' name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><B>-----Oprindelig meddelelse-----</B><BR><B>Fra:
</B>Stig O <<A
href="mailto:olausson@xxxxxxxxxx";>olausson@xxxxxxxxxx</A>><BR><B>Til: </B><A
href="mailto:t-bondtrader@xxxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxxx</A> <<A
href="mailto:t-bondtrader@xxxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxxx</A>><BR><B>Dato:
</B>6. juni 2000 15:42<BR><B>Emne: </B>Sv: [RT] Telegraph Pole on the
Hill<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>Do you have a chart for the
pole.....?</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>I grasp things easier when
there is a picture involvet.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>In my gif we see the break if the rising wedge with a
schoolexample of a test of the lower trendline from below.</FONT></DIV>
<DIV><FONT size=2>According to the book we should now also have lower prices.
(at least to the base of the wedge)</FONT></DIV>
<DIV><FONT size=2>rising wedges are also usually very good tradingvehicles since
the declines are usuallu quite rapid.</FONT></DIV>
<DIV><FONT size=2>So let's see. even if I am not a daytrader, it's interesting
to see how the patterns develop on all levels.</FONT></DIV>
<DIV><FONT size=2>Stig</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Oprindelig
meddelelse-----</B><BR><B>Fra: </B>T-Bondtrader <<A
href="mailto:t-bondtrader@xxxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxxx</A>><BR><B>Til:
</B><A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>
<<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>><BR><B>Dato:
</B>6. juni 2000 15:26<BR><B>Emne: </B>[RT] Telegraph Pole on the
Hill<BR><BR></DIV></FONT>
<DIV><FONT face=Arial size=2>
<DIV><FONT face=Arial size=2>The upthrust, or Telegraph Pole on the Hill,
followed by an Inside Day, makes for a very interesting set up.
The former would indicate to me lower prices and a continuation of the
original bear move from the Contract High (particularly as we have not had a
close above the .618 retracement), while the latter, if the market breaches
yesterday's low should provide an immediate short trade. On the
other hand, if the market bounces on or just above YL, then it could well
climb and break through YH for a long trade.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>A break to the north might just make the
Telegraph Pole not look one, after all. Rather like at school when the
Probables played the Possibles, you could never be sure exactly who would
make the team...</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>
<DIV> </DIV>
<DIV><FONT face=Arial
size=2></FONT> </DIV></FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>
Attachment Converted: "f:\eudora\attach\Wedge2.gif"
|