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

To: Teresa Lo who wrote (4640)	11/15/2000 12:01:38 PM
From: Chip McVickar	Respond to of 8925

>>The bonds are looking a little terrible, with the weekly chart in a big giant rising wedge.<< I see the chart some what differently. Weekly chart us0z: The lower trend line off June low is strong. The lower part of the wedge is weak...IMO. There is a weekly Time Projection off a pitchfork due Nov 20-24 and this may stop any further gains. [Supreme Court in our future?] At Least this TP will bring a strong movement in either direction. A "Bond Line" that I use held 3 times and this suggests the weekly chart will head towards old highs. Daily Chart us0z: This chart is even stronger, projecting to 101^00 and then 101^16. The lower trend line off June low is strong. Support/resistance line at 100^00 is important. Pitchforks have been 'right on their mark' for 6 months. Their TP's also active. Forks point higher to 101^00 and eventually to 103^00. Spiral has resistance at 100^16 and should be watched. Bonds move higher to 101^00 this week. Next week 20-24 should mark the beginning of a strong move. Lets See if this is right...? <smile>