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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Michael Watkins who wrote (48737)4/30/2000 8:11:00 PM
From: set  Respond to of 99985
 
digisys.net

This is what they really look like. Wow. What a
difference. I managed somehow to mix the bond
futures data and tyx data into a single chart
which miraculously looked great. But that
perfectly formed downtrend never actually happened.<G>

However the daily data is correct back a few months
so the specific params for the near term trade remain
the same. Quick shot to 98ish sets up a sell which
is probably good for 94 or lower, and if not then
the stop is close and well defined. And a more
drawn out B and C has bullish potential.

> it looks to me on the monthly continuous
> contracts chart that 98^03 from back in 95
> has set up

Just as soon as I find the data (it's somewhere,
probably where I left my keys) I'll look at what
you're saying.



To: Michael Watkins who wrote (48737)4/30/2000 9:31:00 PM
From: set  Respond to of 99985
 
ok. Took data from the TurtleTrader site. Not pretty
but it'll do.
users.uswest.net
users.uswest.net

It looks, in general, like a rising wedge has
broken and either met its objective or gotten
close to it. I've yet to see two of them do
exaclty the same thing but it seems that most
times there's a good rally afterwards that leads
to a more lasting top. Often new highs.

Nevertheless I think a rally at this moment would
be suspect, long term bullish expectations
notwithstanding.