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In my opinion we have now had enough of "False" breakouts and we are now in for the real thing. We should be heading down and it could be wave 3, hence a rather steep decline - in line with the breakdown from the gigantic rising wedge from 1984 posted earlier.
the gif you see was posted in October when the DEC TBond was trading 112.22 the close on Dec 21 1999 was 111.02. In other words, if we don't have a rally before years end, the breakdown of the large rising wedge put the odds in favor of declining prices in the future. and breakdowns out of rising wedges tend to be fast ones. (like a W:3s ).
Now look at the Dec H6S gif and remember that the last low CLOSED 3 times below the first break of the neckline of the large Head and Shouldr pattern in TBonds.
Hence this pattern also indicates lower prices.
please read on ...
Stig
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