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Head games pure and simple ... look at the sharp rallies (without
retracements) followed by 78% retracements. Makes it hard to trade
without getting nicked. When it couldn't punch to 97-24 I just knew they
were going to do a repeat and closed out. Sure enough it's back to the
78% retracement. The ascending (bullish) triangle looks inviting but the
depth of these retracements suggests significant danger in buying
breakouts.
Earl
----- Original Message -----
From: "SCOTT WINSKI, APS FINANCIAL CORPOR" <WINSKI@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 12, 2000 8:16 AM
Subject: [RT] tbonds
> Nice little reverse head/shoulders pattern in June/July. The jury is
out
>
>
>
>
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