George Soros and the British Pound — A Case Study
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Peter Brandt entered the commodity trading business in 1976 and is considered by many leading authorities to be one of the best classical chartists and traders.
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The dominant chart construction in Treasury Bonds (T-Bonds) is the 10-month symmetrical triangle completed on the weekly continuation graph in late Jan. The Sep T-Bonds futures contract has decisively completed a 4-month inverted H&S pattern on the daily graph. The advance this past week also completed the 4-month congestion zone on the daily continuation graph (not shown). Factor (see premium service here) is long the Sep contract. Stops have been advanced to just below Wednesday’s low.
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Factor Update for June 11th.
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