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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (212)11/15/2000 11:09:40 AM
From: Chip McVickar  Read Replies (1) | Respond to of 12411
 
Whatever they want to do in Florida is just fine with me...!

I suspect it will NOT be over this weekend and then on to the various Supreme Courts.

>>The official supervisor of the recount in Florida was being replaced by a specialist.<<

How nice..., an Independent no doubt...!<smile>

The Bonds look very strong and good to at least 101^00
Then 101^16



To: Patrick Slevin who wrote (212)11/15/2000 12:21:24 PM
From: Chip McVickar  Read Replies (2) | Respond to of 12411
 
Here's my read of the Bonds:

>>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>

Message 14814479