Tham khảo tài liệu 'diary of a professional commodity trader: lessons from 21 weeks of real trading_9', tài chính - ngân hàng, tài chính doanh nghiệp phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Top The dominant pattern in this market remains the seven-month double top on the weekly graph see Figure . A decisive close below would complete this formation and establish an objective of with a further possibility of reaching the 2009 low at . I feel certain that this will be a Best Dressed move in 2010 the question is whether my trading rules will be in sync with the decline. FIGURE Possible Eight-Month Double Top in GBP USD. S P 500 A Breakout of the Channel Is Coming Soon The . stock market has experienced a near-historic bull run from the March 2009 low. There are some signs that the market rally is getting short of breath. As shown in Figure the market exhibits a six-month channel. Prices have been unable to test the upper range of this channel a sign that momentum is being lost. FIGURE Six-Month Channel and Three-Month Wedge in S Ps. Most recently the market is coiling into a two-month rising wedge a bearish pattern. The rising wedge is characteristic of a countertrend rally. The targets for this market pending a downside breakout are 1030 then 980. 30-Year T-Bonds A Bear Market in the Making in Every Time Frame How do you spell sovereign default The longer-term charts in the . T-bond market look like a catastrophe waiting to happen. Three charts are presented. First in Figure the quarterly chart dating back to the early 1980s displays a trading channel. At some point this channel will be violated and prices should then move downward an amount equal to the width of the channel. The probable target would be a test of the 1994 lows at around 80. FIGURE Multidecade Channel in T-Bonds. Figure is a weekly continuation chart of the bonds. This chart displays a 29-month H S pattern. As this pattern unfolds prices move closer and closer to the lower boundary of the dominant quarterly chart channel. At this time the right shoulder appears to lack symmetry with the left shoulder. The right shoulder would be of .
