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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (4587)	11/14/2000 10:50:12 AM
From: Patrick Slevin	Respond to of 8925

describe the explosive bar pattern Not easily. It's a combination of several factors coming together, sort of a perfect storm. One easily described part of it we discussed on the Systems Thread often. I recall several discussions about it because I traded it often. It was the convergence of three moving averages at one point. On SP I used 8, 34, 55 and whenever they converged it led to an explosive intraday pattern. The potential for such convergence is there for the Bond. However on a daily time frame. I'm still tweaking the moving averages I "should" use but using reasonable long, intermediate and short term plots it appears that convergence could occur within a week. The other parts of the pattern that lend that sense of an impending move to me are patterns that are not written down, as far as I know. Just a repeat of patterns I've seen before. I hope your in under 99^00 No, man, I just bought in this morning at 99^08. I've been travelling and I do not leave positions on when I'm away. Brrrr!!!! The underlying problem with the Euro, from a fundamental POV, is the heavy tax on oil. The Europeans can never come back from that. They rely on the tax overmuch and every spike in the price of Crude hurts the economy. Speaking off which, I think I may have missed a move setting up there as well, although perhaps the trade may be to get with the January Contract insofar as the December's Volume has been off a tad relatively speaking. Shorting the dollar Did not have a plan to, unless it's the Canadian Dollar of which you speak. That's been a bread-and-butter trade since September.