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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Patrick Slevin who wrote (18171)	3/10/1999 12:41:00 PM
From: SE	Read Replies (3) of 44573

Well, I have no idea where the bonds are going at this point. The way I am being taught Andrew's Pitchfork is that there is a series of typically five pivots within any intermediate term move. I am applying that same rule to the shorter term with some success and some difficulty. Right now it appears to me we are on our way to pivot point 3 which is higher from where the bonds are now. However, it is also likely that we have seen pivot point 3 and are heading lower to pivot point 4. If I was forced to make a choice I prefer the long count with an eventual target of 123'16 longer term, and 122'08 shorter term. Trouble I am having is I think we might see 120'00 prior to that so I am going to wait till the picture is not so muddy.....One sharp move one way or the other should clarify a lot of the indecision..... -Scott EDIT - My shortest term count and pivots suggest a price target of 120'18. If that is hit, it is a buy and that would be pivot 4 with upside to come to the mid 121'16 level or so....

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