[RT] Bonds and EW

["t-bondtrader" <t-bondtrader@xxxxxxxxxxxx>]

Well, notwithstanding the previous questions and 
answers and possibilities and....   the bonds had a really excellent 
day today.   The First Friday volatility really did it stuff to 
produce a wonderful Inside Day trade, following the set-up from 
yesterday.    The fast move up following the numbers took all the 
stops out up to Yesterday's High and the solid lines of resistance just above 
it.   The we had the fast drop through to Yesterday's Low, followed by 
a marvellous Doji Sandwich cutting the very bearish retracement line and the 
rest, as they say, is history  -   unless you are determined to 
hang in there until the bell rings...
 
It is, of course, quite interesting that the market 
stopped dead on, and is currently running along a line just above the major 
pivotal resistance, which formed the Wave 1 on my original chart.   
Clearly this now negates a further attempt at suggesting a Wave 4 point and I am 
lost as to where the market is.  All I can suggest for a long term target 
is the bullish retracement line and see if that holds, otherwise continue to 
take a bearish view in line with a DT on the CH...
 
If it holds where we are now and runs sideways for 
bit or, with luck, produces a bull flag, then we may well see new high 'ere 
long.  At least the punt of puts from the goal post above still have 
further possibilities before collecting, but time will be running against Dec 
shortly...
 
Have a good weekend
 
 
 
 
Bill Eykyn<A 
href="mailto:t-bondtrader@xxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxx<A 
href="http://www.t-bondtrader.com";>www.t-bondtrader.com"Learn to read 
the tape"
 
 






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