|
PureBytes Links
Trading Reference Links
|
Alan
Well, well... well spotted, well done!
Incidentally, have you noticed that the Bonds are still behaving in very
contrarian fashion with the S&P? Unlike the famous FTSE which still
slavishly follows the Dow. If it weren't for the illiquidity, b/a spread
and stupid volatility, you could trade the FTSE every morning, when the Dow
(S&P) as made a decent move - in any direction! You know, it always makes
those who know laugh like anything at the spin doctors and commentators
remarks concerning our government, the economy and that perfectly frightful
common market, every time the FTSE makes some sort of move, when all along
it is just following the Dow.
You see, where once we led the world, now we follow Uncle Sam, which is
fine, but... in return, I just pray that you guys do the decent thing and
kill the ECU, so that the Dollar remains top dog and Sterling is still 2I/C,
then at least we may yet retain our sovereignty as a nation.
O Well, back to biz: quiet, solid sort of day on the Bonds when the
market gaps up to take out Yesterday's High and heads north of S2, you kinda
have to buy (or wait for the test after the 9.00am report) and, after that,
the Weekly High was always a good target for a dozen ticks - not dramatic,
but bread on the table stuff, without too much anguish from volatile
retracements.
-----Original Message-----
From: Alan Sears <asears@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, August 03, 1998 7:59 pm
Subject: Re: FUTR: Tbonds
>>Prices bounced off of solid line,
>>Middle line is target line for bonds drawn on chart.
>>Theory is that if they can close beyond line then will try for top line.
>>The line in the middle is at about 125.
>
>
>>Lines are drawn automaticly by software on loan to me.
>
>
>And of course you have no idea how or why they are drawn, right ?
>Do you not think it would be more beneficial to RT'ers
>if you were tried to demostrate the "method"
>rather than "showcasing" software ?
>Presumably you have taken some sort of course on this method
>so you should have some idea of what the software is doing ?
>Of course it could also be your intention to be vague.
>If you give too much info here, then why would anyone pay
>$3950 for a course :-)
>
>PS: Paint shop pro www.shareware.com
>is available for downloading and is very useful for
>adding notes to charts if you should ever choose to.
>
>
>
>
|