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We entered short on the break of yesterday's wedge with a stop at
yesterday's high - a rather wide stop for the bonds but I had to leave
the computer for a bit. Price moved down to the 78% retracement of
yesterday's rally and started work on another wedge having risen just
short of the 62% of the decline from yesterday's high. We are still
looking for a break south with a target of 95-27 which is equal to 62%
of the length of the pole of the bear flag deducted from the yesterday's
high. If we don't get follow through to downside pretty quickly, we will
move to the sidelines and wait for a break of yesterday's ID low at
96-15.
Earl
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, June 06, 2000 5:46 AM
Subject: [RT] Re: Sv: Re: Bonds (Final)
> Good find! Combine this with the bear flag and the case is even
stronger
> for a corrective move down.
>
> Earl
>
> ----- Original Message -----
> From: "Stig O" <olausson@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, June 05, 2000 3:32 PM
> Subject: [RT] Sv: Re: Bonds (Final)
>
>
>
> A 10 minute chart reveals a rising (bearish) wedge on the 10 minute
> chart I have been looking at.
>
> I would expect (orderly) lower prices if broken downside(highest
> probabillity). And SWIFTLY rising prices if broken upside (lowest
> probabillity)
> Stig
>
>
>
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