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Monday Bond Pivots



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Hi Gang,

Noteworthy:
Market continued moving lower trading between pivot and S1 . Pivot moved
lower for 5 days.Average daily range moving lower to 30 tics. Daily stoc
moved lower for 3 days. OBSI short term overbought. Weekly pivot moved
lower. Weekly OBSI oversold. Next week is refunding auction with 35
billion in new supply. Market has been moving lower into the refunding.
Should find good support at S3 119-25 or higher.
Good Trading
JD
		DUNDEE PIVOT AND RANGE TABLE					
							
Date		1/26	1/27	1/28	1/29	1/30	Range
		MON	TUES	WEDS	THRU	FRI	This
Open		120-05	121-03	120-15	120-17	121-29	Week
High		121-07	121-06	120-29	122-00	122-12	92
Low		119-16	120-07	120-03	120-13	121-22	Daily
Close		121-05	120-13	120-18	121-28	122-09	Average
Pivot		120-20	120-19	120-17	121-14	122-05	37
Change		31	-22	5	1-10	13	Ten
Range		55	31	26	51	22	Day
Daily	Stoc	23	23	25	50	54	Average
OBSI		154.00%	19.00%	73.00%	192.00%	91.00%	34
							
Date		2/2	2/3	2/4	2/5	2/6	Range
		MON	TUES	WEDS	THRU	FRI	This
Open		122-10	121-18	121-25	121-19	120-28	Week
High		122-12	121-31	121-27	121-27	121-07	67
Low		121-15	121-14	121-09	120-24	120-09	Daily
Close		121-20	121-22	121-18	120-27	120-30	Average
Pivot		121-26	121-22	121-18	121-05	120-26	26
Change		-21	2	-4	-24	3	Ten
Range		29	17	18	35	30	Day
Daily	Stoc	59	68	63	55	49	Average
OBSI		15.00%	64.00%	34.00%	29.00%	101.00%	30
							
							
							
Calculations:				WEEKLY		TODAY
R3	122.15625				R3	122-05
R2	121.750					R2	121-24
R1	121.344					R1	121-11
PIVOT	120.813			PIVOT	121-06	PIVOT	120-26
S1	120.406					S1	120-13
S2	119.875					S2	119-28
S3	119.46875				S3	119-15
				OBSI	22.00%	OBSI	100.63%