|
PureBytes Links
Trading Reference Links
|
Bob,
I am unable to do that but Earl Adamy can.
He sent me the attached chart a few days back, perhaps he can update it for
the group. It charts 30 yr. yields and shows an inverted pattern that I am
looking at in the bonds, similar EW count (except up instead of down, a PTI
below 34 indicating a double top or failed fifth (again similar to the bond
chart I posted but up not down since it is on yields). I believe I can make
out the Head-and Shoulders pattern you are speaking of. If you look at the
TL (trendlines) he drew (described on the chart), pretty interesting chart.
See if this helps and Earl if you have your ears on can you update it (this
chart was on 9-15-00)
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, September 20, 2000 6:22 AM
Subject: [RT] Re: US Bonds weekly
> How about changing the topic from EW to where the H&S interest rate
pattern
> fails. At what interest rate level would you consider the H&S no longer
an
> H&S pattern but one of consolidation with higher yields in the future?
> Likewise, if the H&S pattern remains valid, then what is the downsided
> projection for yields.
>
> Thanks,
> BobR
>
> ----- Original Message -----
> From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, September 18, 2000 4:31 AM
> Subject: [RT] Re: US Bonds weekly
>
>
> > All, please understand, "we" are not arguing view points here (Scot,
Steve
> > and any others that have expressed "their" view points on bonds and I
> > welcome that), "we" are just trying to figure out what the major trend
is
> in
> > bonds is here, maybe a bigger picture is unfolding and "let us all" get
on
> > the right side of it.
> >
> > I was offering up what one of the software packages I utilize was
> > "potentially seeing". This is "not" a software admonishment, counts can
> > change and do sometimes more than I would like, but this is a discussion
> on
> > direction . .. . not software, hopefully understood. I am interested in
> > other opinions particularly if they are backup by some substance. One
> > interesting fact is when counts do change (for instance wave 5's
changing
> > to wave 3's), you are still on the right side of the market for the next
> > trade and with proper money management still make $$$.
> >
> > I see bonds hit 97-23 in the night session as I write this, lets
continue
> > the dialog.
> > don ewers
> >
> > ----- Original Message -----
> > From: "t-bondtrader" <t-bondtrader@xxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Sunday, September 17, 2000 3:55 AM
> > Subject: [RT] Re: US Bonds weekly
> >
> >
> > > While all this may pan out, this is a very poor EW count. EW is shaky
> > > enough as it, but one must at least use this method correctly. Your
2
> > > lasts for five weeks and your 4 for 32, hardly the same magnitude.
> > >
> > > >From the above statement, Earl Adamy says:
> > >
> > > "...... The moderators seem to feel that free speech takes precedence
> over
> > > civility."
> > >
> > >
> > > Just what was uncivil about that statement? Surely, from Scot's
> > analysis,
> > > it was a matter of his opinion, which he is entitled to put to the
list
> > and
> > > many on the list will no doubt benefit from what he has said. After
> all,
> > > while many do not think that EW has much predictive power, but is good
> at
> > > seeing where the market has been and might go eventually, it does
have
> a
> > > set of rules, doesn't it? EW does have major and minor counts,
doesn't
> > it?
> > > Presumably one has to compare like with like. doesn't one?
> > >
> > > The comment was, as I see it, on the way the count was being made
> against
> > > the rules that most EW practitioners would expect the count to be
made?
> > > Yes? No? Scot was simply pointing out what he thought and as far as
I
> > can
> > > make out, did it in a very civil manner. What exactly is your beef?
> > >
> > >
> > > Bill Eykyn
> > > t-bondtrader@xxxxxxxxxxxx
> > >
> > >
> > >
> >
> >
> >
> >
>
Attachment Converted: "c:\program files\qualcomm\eudora\attach\USWEEKyield91500.gif"
|