[RT] Pitchfork on the Bonds

["t-bondtrader" <t-bondtrader@xxxxxxxxxxxx>]

I've got quite intrigued with Tim's pitchfork and, 
as you can see, it hugged the central median line today - then finally broke 
through and looks as if it might go right down to the lower tyne.
 
I have the automated version and it was interesting 
to see the indicator change its direction quite early one in the day, so that 
one could look at the median line and lower tyne as sort of project targets, 
while trading the normal way.  The Doji Sandwich on Yesterday's High set 
the scene for a down day and also produced the high for the pitchfork and change 
of direction.   The retracement off the Yesterday's 
Low/Intraday Low was a nice bearish one and the run down again and the 
onward journey was beautifully confirmed - if that is the word - by the lines of 
the pitchfork.
 
It also looks as if the bonds will close with a 
sort of Doji double Sandwich on the daily chart and that will most probably show 
quite forcefully next week where they are headed.   Whether or not 
that is salvation for the Spoo may be another matter.
 
Have a good weekend
 
Bill Eykyn






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