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Hi Glen,
You were correct on your intraday analysis! The higher close has me
concerned
about my short position trade...but there are multiple (5) resistance levels
from the
monthly chart from 97.2 to 97.6 if we have a failure of these levels (such
as an obvious
monthly close above) than your suggestion of higher trends should be
correct.
I will exit my position on a close above 97.62, and will go long on a
break-out of
congestion with a close above 98.2 of Sep t-bonds.
Later,
Adam
----- Original Message -----
From: "Glen Wallace" <gcwallace@xxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, June 14, 2000 9:14 AM
Subject: Re: (Market) US bonds
> Adam:
>
> For what it's worth, I'm seeing a cluster of support in the 95-30 to 96-06
> region. If we cut through this, you're probably right. If support holds,
I
> think we'll see price heading back up into congestion and perhaps up and
out
> of the recent consolidation zone.
>
> Regards.
>
>
> ----- Original Message -----
> From: Adam Hefner
> To: metastock@xxxxxxxxxxxxx
> Sent: Tuesday, June 13, 2000 8:00 PM
> Subject: (Market) US bonds
>
> Looks like a good position to place a short in the bond market.
> The Days action entered into congestion and we are at the
> projected monthly high levels (yellow dots). MIT short around
> 97-97.1 should be a good spot. I may be wrong!
>
> AH
>
>
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