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tony - though i keep cnbc on in the background, one thing that you
cannot do is use them for being correct on whether the bond market is
holding up or not. FIrst of all, they prepare their text at one point
and read it at another. If you are daytrading, holding up does not
include a 1/4 or 1/2 point drop. but it might be to an anchor. I would
not use these guys as a cue for what bonds are doing. Also, they use
cash market prices, and I find the prices they have differ from ones I
see. They are usually not referring to futures and may be referring to
5PM closes while futures are at 3PM. The bottom line is let the market
tell you what to do, not the talking heads on CNBC, or the experts thye
trot out. Note this is not because the experts are necessarily wrong,
but they must be thinking in the same time frame as you are to make it
worth your while, and none of them are typically there to talk about day
trading!
steve
robin hall wrote:
>
> hi there
> I am watching the mkt in real-time-my observation as soon as the the
> reporter reported that the mkt was holding or moving up the mkt
> immediately made the opposite move ie Friday after the report the mkt
> was down 5ticks and the repoter made his comments the mkt dropped to
> 128.-29 from 129-16/7. this happened on more than one occasion.
> anyone else observed the same movement.I think that in the future I
> would do the contrarain thing.also to experts outthere is what the
> reporter is reporting deliberately being put out their to get the
> public to take the bait?
>
> thanks tony
>
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