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Here is the Time and price square using PyraPoint and an 11 degree angle. It
indicates a 10-11 bar cycle and the reversal lines appear to be accurate.
The 90 degree support level is 101-06. If my entry price to the downside of
101-31 is hit then the target price would be 101-07. Close enough for
dancing and hand grenades.
topos8 wrote:
> I tried to post this a couple of minutes after it was written but
> somehow it got lost in cyberspace.
>
> --- In gannsghost@xxxx, "topos8" <topos8@xxxx> wrote:
> AS I write this the March bonds are trading at 101-24 (up from
> today's low at 101-13) and the 10 year notes at 105-05.
>
> In GG#8718 I said that the bonds would stop at 102-24 support and
> then rally to 105-08. In the event the support held only for two days
> before the market headed even lower.
>
> My method for squaring price with time now tells me that the bonds
> have reached very strong support near 101-16 and the notes near 105-
> 00. From here both market should move up strongly. The bonds should
> move well above 105-00 and the notes should reach 108.
>
> This is likely to be the last rally in the uptrend which began from
> the December lows. Once a top occurs both the bonds and notes are
> likely to drop below the December lows.
>
>
>
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