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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: doug-e-mini who wrote (40140)	1/6/2000 11:06:00 AM
From: Chip McVickar	Respond to of 44573

Hi Doug, The daily bond chart shows a double bottom at 90^00. The fork off 9/24 is a beauty and looks promising. A fork off Nov high comes in nicely also. The lower tine of the more recent fork from 25 Oct low has been broken below, but this morning the market is above 90^00, but not above the lower tine yet. The last daily fork is off the low of Dec1 and this lower tine was broken lower, but today the market sits above it. This is also promising. All this looks positive and promising, and worth attention. Waiting until the lower tine of the bigger fork has been tested might make some sense? But bonds aren't just technical and all this liquidity complications produced by the y2k maybe screwing up any set up for a long term trend up? Note: Any move above 91^00 would be golden, but the median line off the Dec1 low might stop any market rise. Chip

To: doug-e-mini who wrote (40140)	1/6/2000 11:47:00 AM
From: Chip McVickar	Respond to of 44573

Doug, I printed a 21 min chart...The market responded to a fork median line off Jan 4 Low. Looks like 90^10 needs to be seen again before any upside will be possible. Did you buy? Chip