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I don't trade the wild and woolly bonds, but my daily CC bond chart is
displaying a clear failure to hold the long uptrend in the bonds. Further, as of
Monday, the djua daily chart entered a confirmed negative trend on the daily.
Given the combination, I would not position trade the bonds on the long side.
That said, it's all a matter of time frame. I have the spoo in all kinds of
confirmed down trends yet eked out a few points today both long and short. Like
you, when it comes to trading, I don't forecast, I just try hard to trade what I
see.
Earl
-----Original Message-----
From: T-BONDTRADER <T-BONDTRADER@xxxxxxx>
To: RealTraders <realtraders@xxxxxxxxxxxxxxxx>; Omega List
<omega-list@xxxxxxxxxx>
Date: Wednesday, August 05, 1998 10:50 AM
Subject: FUT: Bull or Bear? Who Cares?
>Ah well, back to the Bonds and that huge two-bar reversal over the Pivot to
>put the market into the same move in the opposite direction Today. So,
>without looking, I can tell you that the Spoos are on the up - for how long
>will depend on whether the Bonds make a double bottom just above S1 or not.
>But I ain't in the forecasting game...
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