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Thanks for the various responses. I can see
that my wave 4 came down lower than my 1 and therefore under the rules made it
invalid. Are we therefore still waiting for the 3 to be in or are we
saying that the current contract high IS the number 3? In which case
we are then searching for 4, which cannot be lower than 1, right?
That would leave a very tight situation, wouldn't it?
So where on the map are we? If, in the bigger
picture, the contract low is 3, whereabouts would be expect 4 - presumably, this
would make the overall trend up, until 4 is in (which would have to be less than
1 or we are in trouble again? Yes/No?
Based on your chart, Jeffrey, why do you think we
are going down? Can you expand on the wave numbers, etc.
I'd be very grateful....
I've got other points to ask, but let's get this
aspect over first, as obviously the science of the waves is vital and what has
passed I assume must be read and agreed by all. Obviously it is the
future which everyone will have a different take on...
Bill Eykyn
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Jeffrey
Harteam
To: <A
href="mailto:realtraders@xxxxxxxxxxx";
title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx
Sent: Thursday, November 02, 2000 3:56
PM
Subject: Re: [RT] Gann Fan on the
Bonds
Greetings Bill:
I will label this upmove as A-B-C instead. Notice your Wave 4
overlaps with Wave 1 which immediately invalidates the notion of an impulsive
move from the January low. Please refer to the T-Bonds Weekly Cash .gif.
Heavy fibos contained the upmove of last week and the high was stopped at the
.618 of Wave A. My take is to short the US now, additional short
positions will be committed at the break of the weekly trendline as
well. Hope this helps and regards
Have a good one Jeff Harteam Hong Kong
t-bondtrader wrote:
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.... <FONT
size=-1>Of course, the first thing is to hope that the Gif file will come
out.... please, someone, let me know...
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