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PyraPoint seems indicate a 10 bar cycle is in force at this time. Inspecting
the chart it appears that most of the reversals do occur on the 10 bar
pattern. As highs in down trends usually happen in the first half of the
cycle then you would expect this 2 bar rally to fail in the next hour or two.
Bonds reached their short term target of 100-10 and failed. To restart any
higher price movement 100-03 has to be taken out. The price bars are
currently staying within the down trend lines with the current target at
99-16 +/-.
The daily is in a down trend and with all the upside pressure being applied
by stochastics and time there is very little relative movement in price.
This does not bode well for the bonds at this time. Now that my neck is
hanging way out there, let us see what happens. Ira.
Don Ewers wrote:
> Ira,
> Would you be willing to post a pyrapoint (sp?) chart for 60min June bonds
> and offer up if anything what it says to you?
> Thanks in advance.
> don ewers
>
>
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