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[RT] Sv: Telegraph Pole on the Hill



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<DIV><FONT color=#000000 size=2>Sorry Bill NOW I see the Pole.....</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>On a 60 or 30minute chart..</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</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>&nbsp;</DIV>
<DIV><FONT size=2>And&nbsp; what's interesting then, is that since the wedge was 
broken with an objectiv below the trend line int the H&amp;S pattern, the odds 
are increasing that the downside objective of the H&amp;S also will be 
obtained.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</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 &lt;<A 
    href="mailto:t-bondtrader@xxxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxxx</A>&gt;<BR><B>Til: 
    </B><A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A> 
    &lt;<A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>&gt;<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.&nbsp;&nbsp; 
    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.&nbsp;&nbsp; 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>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>A break to the north might just make the 
    Telegraph Pole not look one, after all.&nbsp; Rather like at school when the 
    Probables played the Possibles, you could never be sure exactly who would 
    make the team...</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV>&nbsp;</DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>Bill Eykyn<BR><A 
    href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>&quot;Learn 
    to read the tape&quot;</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial 
size=2></FONT>&nbsp;</DIV></FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Tue Jun 06 07:04:44 2000
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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
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<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2><B>-----Oprindelig meddelelse-----</B><BR><B>Fra: 
</B>Stig O &lt;<A 
href="mailto:olausson@xxxxxxxxxx";>olausson@xxxxxxxxxx</A>&gt;<BR><B>Til: </B><A 
href="mailto:t-bondtrader@xxxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxxx</A> &lt;<A 
href="mailto:t-bondtrader@xxxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxxx</A>&gt;<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>&nbsp;</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 &lt;<A 
    href="mailto:t-bondtrader@xxxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxxx</A>&gt;<BR><B>Til: 
    </B><A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A> 
    &lt;<A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>&gt;<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.&nbsp;&nbsp; 
    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.&nbsp;&nbsp; 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>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>A break to the north might just make the 
    Telegraph Pole not look one, after all.&nbsp; Rather like at school when the 
    Probables played the Possibles, you could never be sure exactly who would 
    make the team...</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV>&nbsp;</DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>Bill Eykyn<BR><A 
    href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>&quot;Learn 
    to read the tape&quot;</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial 
size=2></FONT>&nbsp;</DIV></FONT></DIV></BLOCKQUOTE></BODY></HTML>
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