Tuesday, February 08, 2005


205m
Posted by Hello

t bond 205 m

tuesdays trading

Mkt opened at 116-15 Made a low of 116-12 then proceded to make new contract highs 117-06
Thereafter it proceded to a retracement of 78% ,thereafter the final swing back to pivot area close 116-25
The 5/dav=31 3dav =27 Their was 2 and a halve swings todays Range =25

ope: 116-15
hg: 117-06
low: 116-12
close 116-25
uptrend is showing signs of exhuastion .reason:the mkt made a reversal of 78%.

checkout timeframes for charts : 704t, 89t ,45t
205m ,60 ,13 ,8 ,5
Draw trendlines on the larger timeframes, to give us future support and resistance levels/areas.+ combine with fibo
Draw like a kid in a crayon store

Saturday, February 05, 2005