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Hi Henry,
<P>I didn't get any Candlestick pattern on 7/31! The only one I saw
was on 7/27, and it was
<BR>an Engulfing Bull! What a great signal it was.
<BR>I am using Metastock 6.0 to filter out the Candle patterns. What do
you use?
<P>Thanks,
<P>Frank
<P>Henry Malone Williams wrote:
<BLOCKQUOTE TYPE=CITE>
<P><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>Frank,</FONT></FONT></FONT></B>
<P><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>First,
you figure out where is the point of control, i.e. where prices</FONT></FONT></FONT></B>
<BR><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>>
spent most of the time during the day session. On 7/31, the point of</FONT></FONT></FONT></B>
<BR><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>>
control was 116.14.</FONT></FONT></FONT></B>
<BR><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>>
Then you count the number of the TPOs above, and below this line. There</FONT></FONT></FONT></B>
<BR><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>>
were 87 TPOs above, and 44 below. The number above/below this line</FONT></FONT></FONT></B>
<BR><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>>
indicates the sellers/buyers willing to sell/buy the market, and stay</FONT></FONT></FONT></B>
<BR><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>>
short/long.</FONT></FONT></FONT></B>
<BR><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>>
Well, the ratio 87/44 was telling me that the bears had more force than</FONT></FONT></FONT></B>
<BR><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>>
the bulls on 7/31! A warning signal(if you're long) for the following</FONT></FONT></FONT></B>
<BR><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>>
day!</FONT></FONT></FONT></B>
<P><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>You
have essentially described a 300 year old Candlestick pattern called a
shooting star. Its amazing the paths we take to get to the same place.</FONT></FONT></FONT></B>
<P><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>Good
trading,</FONT></FONT></FONT></B>
<P><B><FONT FACE="Britannic Bold"><FONT COLOR="#000000"><FONT SIZE=+0>Malone</FONT></FONT></FONT></B></BLOCKQUOTE>
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</x-html>From ???@??? Wed Aug 06 07:30:10 1997
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Date: Wed, 06 Aug 1997 08:39:29 -0500
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From: Denise Beebe Throntveit <foremost@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Converting Bond Prices to Yields
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Chicago Board of Trade has them -- yield calculators. Fits in your pocket.
Call the CBOT bookstore at 312-435-3558. Pretty sure they're free.
Denise
At 09:44 PM 8/5/97 -1000, Daniel wrote:
>This is maybe a simple question, but is there a formula for converting
>the 30 year bond futures prices as normally expressed in points and
>32nds such as 114^15, into yield percentages such as 6.43%, etc.? I am
>interested in looking to see if there are noticeable intraday support
>and resistance effects as the yields approach new significant levels
>upwards or downwards.
>
>Thanks, Daniel
>
Denise Beebe Throntveit
President
FOREMOST FUTURES. LTD.
223 West Jackson Suite 600
Chicago, IL 60606
800-227-0335
EMail: foremost@xxxxxxxxxxxx
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