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<DIV><FONT color=#000000 size=2>I am forwarding these two bond chart .gifs from
our 'T-Bond Trader in England' to RT's He has been unable to get through. He
does not believe in leading indicators. He indicates the following about
them:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2> "it sums up my view on indicators
precisely...." </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>To con<FONT color=#000000>t</FONT>act him use
this address. <A
href="mailto:t-bondtrader@xxxxxxx";>t-bondtrader@xxxxxxx</A></FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Brent<BR></FONT></DIV>
<DIV><FONT face=Arial size=2><BR><BR> </DIV></FONT>
<DIV> </DIV>
<DIV><BR><FONT color=#000000 size=2>It's not been too long ago that this leading
indicator business was thoroughly discussed here. I do not believe that there is
a true leading indicator of any kind, but there are tendencies that do repeat
from time to time. Someone always says "price"; this is also a fallacy
that was discussed here before. Briefly price doesn't lead because it is a
reflection of fundamental and technical market input. In fact price is only
"real time" to the actual buyers and sellers on the floor.
</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2> Actually some sort of channel has fair
predicting ability because the market has a tendency to bounce from one side to
the other. </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>The real trick is how you handle the trade after
you get an "idea".</FONT></DIV>
<DIV><FONT color=#000000 size=2><BR>Brent</FONT>
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Attachment Converted: "c:\eudora\attach\Today's 5 min chart.gif"
Attachment Converted: "c:\eudora\attach\Today's Tick Chart.gif"
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