|
PureBytes Links
Trading Reference Links
|
I should add one other thing:
I have never ever tried to fade the talking heads on TV. While you might
have noticed a tendency on Friday, I would spend several weeks making
note of such occurrences and seeing what really happens before I
committed money to the strategy!
Steve
robin hall wrote:
>
> hi steve
> the point is that in my view that if your target is 10to 15 ticks their
> commennts are enough to move the mkt . don't you think that the reporters
> comments could be used in this contrarian manner to collect the ticks
> your input is highly appreciated thanks tony
> -----Original Message-----
> From: steven poser <swp@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Sunday, November 01, 1998 1:07 PM
> Subject: Re: tbonds
>
> >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
> >>
> >
|