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It's called a trading range and usually sets itself up with a break in one
direction or the other. In this case, the market produced a huge wedge as a
harbinger for the daytrader to announce which way it was going to go.
There were other significant aspects, but just that alone was good enough to
take a slice of bread from the board...
Bill Eykyn
www.t-bondtrader.com
"Learn to read the tape"
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, June 26, 2000 7:45 PM
Subject: [RT] Re: fake rally
> Can't remember when I've seen bonds repeatedly cross above and below the
> first hours range ... twice from above to below and twice from below to
> above.
>
> Earl
>
> ----- Original Message -----
> From: <Proffittak@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, June 26, 2000 12:07 PM
> Subject: [RT] fake rally
>
>
> > This looks VERY fake
> > ad line terrible for the Dow up over 130
> > also up/dwn vol. bad
> >
> > and new low still intra day exceed new hi
> > Regards,
> > Ben
> >
> >
> >
>
>
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