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>..........is calling for a turn date for bonds on tomorrow 06-23.
With regard to the above, the bonds have closed in a very interesting
position. The market has done a nice clean Doji. Furthermore, it
already has a good solid down bar in front of it, so we could say that we
have the makings of one of my Doji Sandwich patterns...
As you will see from the attached gif, the DS could either be a big reversal
bar and thus lead to higher prices, or it could be a continuation DS and
lead to much lower prices. The latter would be in line with the Telegraph
Pole that ended up on the side of the hill, rather than on the top, where it
would have been supreme!
The upthrust (or as I often call it, a Duke of York day) which followed the
inside day has the makings of lower prices and I think the odds are for a
continuation rather than a reversal DS . If it is a reversal pattern, it is
not in a classic position for a change of trend... As always we will see.
>From a day trading perspective it doesn't really matter. Yesterday was
great, today was lousy and tomorrow is tomorrow...
Bill Eykyn
www.t-bondtrader.com
"Learn to read the tape"
Attachment Converted: "f:\eudora\attach\Possible DS.gif"
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