Re: [RT] Gann Fan on the Bonds

["Don Ewers" <dbewers@xxxxxxxxxxxxx>]

Bill,
I would agree we are at an important juncture or better said yesterdays low 
could have been an important turning point. There are two possible scenarios I 
am working with (attempting to trade).
 
First the attached Advanced GET daily shows we have 5 waves in and a Type 2 
Sell signal bar was generated when we closed below the ma channels (6 offset by 
4 off the highs and the lows) on Tuesday. The subsequent break below the low of 
that bar on Wednesday creates the sell, so some GET players went short at 99-24 
right. The pattern could also represent a "double top" and the top was a 
turtle soup trade all of which puts one short from various points. (Also on the 
60min GET chart attached the"gator" put one short at 100-03)
 
However the internal count of the wave 5 looks possibly incomplete to me 
(the minor 4 is barely visible) and the MOB projection (the colored horizontal 
lines) was never entered or hit, all of which leaves the possibility that this 
move down is just minor wave 4 of larger wave 5. It is also interesting to see 
that you had Gann resistance near the 99-17 lows on Wednesday. Dropping down to 
a 60min, this just could (?) be a large A-B-C move down (see my labeling in red) 
in a minor wave 4 of big wave 5. A perfect swing target was you guessed it, 
99-17.
 
Sooooo  is a position trading top in and we are headed lower or was 
this just a corrective minor wave 4 of big wave 5 up needed to complete the 
larger wave 5 pattern to 101-19 to 102+. Answer, I have no clue but will let the 
market answer that important question. I am lightly long early yesterday with 
stops of course playing the minor wave 4 scenario for now.
don ewers
 
 
<BLOCKQUOTE 
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  <A title=t-bondtrader@xxxxxxxxxxxx 
  href="mailto:t-bondtrader@xxxxxxxxxxxx";>t-bondtrader 
  To: <A title=realtraders@xxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxx";>RT 
  Sent: Thursday, November 02, 2000 5:44 
  AM
  Subject: [RT] Gann Fan on the Bonds
  
  Brente has got me going on fiddling around with a 
  Gann Fan and in a totally amateur way I have added what look to me to be four 
  waves from the Contract Low.   While I am sure that much more 
  science and understanding of EW is required here, would anyone care to give 
  their opinions on where the market is at and where it is like to go from 
  here?
   
  I am sure that in a month or so we will be able 
  to look back and say it was all very obvious, but at this precise moment, it 
  seems to me, that we are at a very interesting juncture and I would much 
  appreciate anyone's foresight or take on this.   As you all know, I 
  day trade and have never been able to see where one goes on a position trade - 
  but this might be the opportunity to focus on what's what in the predictive 
  world.  If it was a five minute chart, I would be short from the top to 
  at least the bullish retracement line and (on that scale, of course) easy come 
  easy go about changing direction or continuing south.  But with a 
  position play I sure would need to know where my stop was against what target 
  and the r/r/r involved.
   
  Anyway, I'll be interested to see if anyone 
  responds.  I would genuinely like to get a lesson here, if I 
  could....
   
  Of course, the first thing is to hope that the 
  Gif file will come out....  please, someone, let me 
  know...To unsubscribe from this group, send an email 
  to:realtraders-unsubscribe@xxxxxxxxxxx






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