Sv: [RT] More on Bonds

["Stig O" <olausson@xxxxxxxxxx>]

>Stig, have a look at the attached Gif, which I 
have written up, rather than here.  By the way, I just cannot for the life 
of me see your wedge.   What do you think of >my failed bear 
flag?
 
>Bill,
 
Wouldn't you say the reaction is a good example 
of a pattern failure. At least I think so.
 
Somebody once said something like: "If it 
doesn't do what it is supposed to do, it will do the opposite, but only in a 
violent way".
 
I like your argument for looking at the issue 
from two sides. I do that too and I have a few arguments for Friday beeing a 
reversal day.
Many planetary aspects Wed-Sat. These clusters 
often appear at "panic bottoms"
We actually stopped at the 61,8% retracement 
level of the most recent rice.
And finally you COULD draw the rising trend line 
the way "most2 people would do and if we turn up now THAT'S the one we 
should have looked out for.
But who knows. I don't at least. But I find MOST 
arguments favour a continued decline.
You certainly must rememebr how many times, on 
this forum, I have given 10-20 arguments for Gold turning around. And we all 
know where it is now.......
 
And with regard to the Wedge, here is my 
gif
 
It's a weekly continious chart. Please note that 
price stopped at the lower trendline and that we have a few ticks down to the 
outer blue parallell line wch also can stop the decline. So on a continious 
chart, the wedge has not been broken yet. And that's one if the "on the 
other hand" you mention in your gif.
 
BUT in the DEC contract the lower line has been 
broken TWICE. 
According to Connie Brown who wrote the book 
Technical analysis for the Trading Proffesional it's the CONTRACT you should 
base you analysis on.
so I am leaning to that the trendline HAS been 
broken.
 
Well, I am off for a couple of days. It will e interesting to 
see how it looks on wednesday.
 
 
And a good weekend to you too.
stig






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