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One of the reasons I don't like systems was the trade today in the bonds.
Had a channel going then broke out to the upside that would trigger most
systems to buy. Followed a horrific break that lasted 12 minutes for over
a point and a half before a small bounce up. I guess the people who use
systems would say the trick would be to reverse but today was an exception.
Most times if you try and reverse this market you can get hit both ways.
Sorry if anybody got hurt today in the bonds but reaffirms to me systems
don't work for daytrading.
Robert
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