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One of mine also - there was a beautiful setup in the bonds last week,
complete with inside day, an outside reversal, a spring, two gap
penetrations, and reversal across the 62% fib retracement of the rally from
lows. I put on a half position on the first pullback to support and other
half at high of first half hour and am long for a position trade. 30 minute
chart attached very similar to diagram below.
----- Original Message -----
From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, December 06, 1999 1:36 AM
Subject: [RT] Re: GEN: What is your Favorite Pattern to Trade and indicator
to use? {02}
> I
> I
> I
> I
> I I
> I I III I
> III III I I < buy stop here.
> I IIII I II < stop here once long
> II
>
> Hi,
> That's my favorite pattern. Sharp down move, followed by correction and
> renewed selling that doesn't make that much ground though. YOu feel lots
> of bearish tension in the market, yet markets doesn't really move that
> much: lots of bearish energy is spent for little effect. Buy breakout of
> first upside pullback, especially if some news is about to get out, or
> people start throwing in the towel.
Attachment Converted: "c:\eudora\attach\US30.gif"
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