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Don
When I posted the S&P chart I forgot to post
the Bonds one, so here it is. As I said, it is by no means the classic
island, but I think it might just portend lower prices at this
point. If it does, then perhaps the Spoo will rally...
Anyway, I have often found that these formations,
while they may only allow for a river rather than a channel, as it were, can be
helpful. As I have often said before, for one who is day trading, it
is perhaps worth a short term punt on the puts, but what you EW boys can make of
it may prove very otherwise.
As usual the market will tell us...
Bill
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