Sv: [RT] FUT: Dec Euro

["Stig O" <olausson@xxxxxxxxxx>]

Looking at the MARCH contract, we closed below 
the nov 8 low, indicating an inverse H&S failure.
However that contract shows some runaway gaps up 
and we have not come down to the 50% retracements line we have in the Dec 
contract, indicating strength in the future.
HOWEVER looking at the DEC 
contract I would suggest further downside movement. See chart.
Entry points I would choose for up or downmove 
included.
If one is triggered, the other could be used for a stop and 
reverse order, since I believe we will be looking for the "new" trend 
these days.
Inv. Head and Shoulder break UP
or
Inv. Head and shoulder failure for a continuation DOWN (at 
least to Nov 21)
 
regards
Stig
 
-----Oprindelig meddelelse-----Fra: 
Gitanshu Buch <<A 
href="mailto:onwingsofeagles@xxxxxxxxxxxxx";>onwingsofeagles@xxxxxxxxxxxxx>Til: 
realtraders@xxxxxxxxxxx <<A 
href="mailto:realtraders@xxxxxxxxxxx";>realtraders@xxxxxxxxxxx>Dato: 
16. november 2000 20:43Emne: [RT] FUT: Dec 
Euro
Wondering if anybody here believes this chart looks like an 
inverse H&S bear trap or a simple resumption of downtrend with new lows to 
follow, given the failure of MACD at the zero line and the low ADX.
 
Dec contract attached.
 
GitanshuTo 
unsubscribe from this group, send an email 
to:realtraders-unsubscribe@xxxxxxxxxxx






eGroups Sponsor




<img width="468" height="60"
  border="0"
  alt=""
  src="http://adimg.egroups.com/img/9660/0/_/152424/_/974455923/WarningHealth468x602E.gif";>









To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxx

Attachment: Description: "Euro nov17.gif"