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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: orkrious who wrote (69713)9/13/2006 8:10:04 PM
From: bart13  Read Replies (1) of 110194
 

'79 actually had altogether three triangles. the one i was referring to was the large one in the low 400ds, shortly before the blow-off move commenced. this one as well as the 1973 triangle are the formations that sport the strongest similarities with the current one.


I just happened to hang onto some CRB charts from the period. Here's the picture of the Aug 1980 contract and that triangle sticks out big time:



Full size chart here:
nowandfutures.com
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