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[RT] Re: Bear Flag before FOMC...

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<DIV><FONT face=Arial size=2>Don</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>I'm not up to much with EW, but your chart looks 
very good.&nbsp; As a day trader, I am obviously only really interested in what 
is likely to happen Today.&nbsp; Clearly, if there is a good possibility of a 
follow through as a positional trade, then I might well punt a put.&nbsp;&nbsp; 
The attached chart, was the primer from what I thought might be a break out of a 
bear flag, which I posted first thing this morning.&nbsp;&nbsp; Opening with a 
gap below yesterday's low is a pretty reliable signal to get short and the day 
trade down to the Construction Spending Report was a nice one.&nbsp; The bearish 
retracement from there looks as if it will end with a possible break of the 
intraday low, which would make it look interesting for tomorrow - bar the FOMC 
Meeting.</FONT></DIV>
<DIV>Bill Eykyn<BR><A 
href="mailto:t-bondtrader@xxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxx</A><BR><A 
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read 
the tape"</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<BLOCKQUOTE dir=ltr 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A href="mailto:dbewers@xxxxxxxxxxxxx"; title=dbewers@xxxxxxxxxxxxx>Don 
  Ewers</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, October 02, 2000 3:06 
  PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: Bear Flag before 
  FOMC...</DIV>
  <DIV><BR></DIV>
  <DIV>Bill,</DIV>
  <DIV>Advanced Get 60min chart confirms a sell at 9807. When the first hour bar 
  had a close below the ma channels (6/4offset offset of&nbsp;the highs and 
  lows) and the low of that bar was taken out in the second hour (all of this 
  following a wave 4 up with an ABC pattern). With FOMC tomorrow, it makes a 
  trade a bit dicey though.</DIV>
  <DIV>don ewers</DIV>
  <BLOCKQUOTE dir=ltr 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
    <A href="mailto:t-bondtrader@xxxxxxxxxxxx"; 
    title=t-bondtrader@xxxxxxxxxxxx>t-bondtrader</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>To:</B> <A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, October 02, 2000 5:52 
    AM</DIV>
    <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Bear Flag before 
    FOMC...</DIV>
    <DIV><BR></DIV>
    <DIV><FONT face=Arial size=2>While by no means a perfect looking bear flag, 
    I think it is sufficiently formed to suggest that a major break south will 
    be coming - if not today, the possibly tomorrow with the FOMC 
    meeting.&nbsp;&nbsp; Logically, if the bonds break south, we should see an 
    up move in the Spoo.</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>Anyway, here we are in October... Red 
    October...&nbsp;&nbsp; Red for Debit....&nbsp;&nbsp; At least it ought to be 
    a month with a bit of volatility, a bit of movement, a breaking out of 
    congestion, etc.&nbsp;&nbsp;&nbsp; We can but hope...&nbsp; and then trade 
    what is happening...</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>Anyone any thoughts??</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>Bill Eykyn<BR><A 
    href="mailto:t-bondtrader@xxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxx</A><BR><A 
    href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to 
    read the tape"</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial 
size=2></FONT>&nbsp;</DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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