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Don:
It has been along time since I have dealt with Eliot. I found it to iffy for my
taste. I do use some parts, but most of it is too interpretive and subject to
change at any time. I have to say though that you char is interesting. Thanks
for the enclosure. Ira.
Don Ewers wrote:
> Thanks Ira,
> Not only yours, waiting for a sell signal here also, a break if the
> regression now that the MOB target in the wave 4 has been met and exceeded
> (lightly short here beforehand). Equities seem to be controlling a lot
> lately and with employment tomorrow . . . .
> don ewers
>
> ----- Original Message -----
> From: Ira Tunik <irat@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, April 04, 2002 5:38 PM
> Subject: Re: [RT] 60min Bonds
>
> > 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
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> >
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