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Bruce,
MOB stands for Make Or Break and it is a tool within the AGET program. The
"bands" represent target areas based on prior price action pattern and are
calculated off of previous peaks. I considered them additive to the
standard fib expansion ranges that project areas where a specific wave might
end. In that regard they zero in on a 'tighter" possible target range. Do
the always hold nope, are they always reached nope, can they be exceeded
yes, nothing is perfect, but I have found them to be very helpful.
Essentially price is likely to "make" it there and if it "breaks" it on a
closing basis can be a sign of an extended move above it (essentially what
should have been resistance was blow away). In general they are places to
consider taking "some off the wagon" so to speak if not all and look for a
reversal.
The black vertical bars in them represent possible timing. The black box to
the far left of the band will disappear when the prior peak it is drawn from
is exceeded and the MOB locks in place for price and time.
Probably more than you wanted to know, sorry.
don ewers
----- Original Message -----
From: <bruce.larson@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 31, 2001 11:10 AM
Subject: Re: [RT] bonds long term
> Sorry, what's a MOB? Only MOB I'm familiar with is the Muni over
> Bond spread.
>
>
> --- In realtraders@xxxx, "Don Ewers" <dbewers@xxxx> wrote:
> > Slawek,
> > The seasonal (dark green line) on a AGET US01Z continuous weekly
> would
> > agree on a February peak (if not before). February 8, 2002 is the
> peak on
> > the seasonal for next year. Looking back on previous years shows
> the
> > pattern has followed it quite nicely?
> >
> > That said we are into the wave 5 target range (shown as .618 to 1.0
> > expansion) with several MOB's overhead (one off the previous wave 3
> (@111-28
> > to 112-26) and the other one is off the1998 peak in bonds (@115-16
> to
> > 118-03)) . Where exactly they stop price wise is still an unknown
> but these
> > are some areas to watch.
> >
> > Bruce, your 117 pegs the exact center of the 1998 MOB, FYIW.
> > don ewers
> > ----- Original Message -----
> > From: <SLAWEKP@xxxx>
> > To: <REALTRADERS@xxxx>
> > Sent: Wednesday, October 31, 2001 9:35 AM
> > Subject: [RT] bonds long term
> >
> >
> > > From weekly inverted 30 yr. Yield
> >
> >
> >
> > --------------------------------------------------------------------
> --------
> > ----
>
>
>
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