Sv: [RT] Re: Bull Trap

["Stig O" <olausson@xxxxxxxxxx>]

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href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>Dato: 
2. februar 2001 04:49Emne: [RT] Re: Bull Trap 

 
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px" 
dir = ltr>
    >Looking over the 
    daily charts of ndx, spx,and the dow, it appears IMO that the next major 
    move will be on the downside
     
     
    Agree.
     
    A close below is  a close below the 1/26 
    bottom and below the neckline of the inverted H&S pattern. These 
    failures are often followed by dramatic moves down.
     
    Look instead at the ?? inverted H&S in the 
    XAU. It seems like we now are entering wave 3 up which should generate an 
    equally dramatic upmove there.
     
    Also note the classic 
    bullish divergence to Gold. 
     
    Also look at the Aug 99 bottom. The Feb 01 
    contract shows that the Jan26 is lower than the Aug99 bottom. this doesn't 
    show up on a continuation chart.So diverence in this case is also 
    "Hidden", but nevertheless true.
     
    stig
     






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