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Below is the automated print-out for March Bonds after trading on
Friday, 2/19, for preparation in day-trading on Monday, 2/22.
I've got mixed feelings on this one. Although the print-out is telling
me to favor longs, the Double Stochastics and 7 period %K on 200
minute bars (half day) are still telling me that we have some downside
left to the most recent short-term cycle (attached chart).
With the equities coiling as tight as they have been recently, I would
imagine the next significant direction in bonds is going to be
determined by the breakout direction in equities. Come Monday, I'll be
trading with an equities chart close by!
Again, this is an automated print-out created in TS to provide a
"heads-up" for tomorrow's trading in the bond market (Monday, 2/22).
Although it should be obvious to most, these should not be construed
as systematic entries and exits to be taken in mechanical fashion. . .
but more as "cues" that you may want to consider while day-trading
this market.
Bob Hunt
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990219
TODAY IS AN NR4 DAY!
If during the day tomorrow yesterday's high of 123-26 is exceeded then
either buy the breakout (agr.) or look to buy a retracement to the
breakout (cons.). If during the day tomorrow yesterday’s low of
122-29 is exceeded then either sell the breakout (agr.) or look to
sell a retracement to the breakout (cons.).
*** If no other direction is specified by other indicators ***
** favor that of the 100 min. 5 Double Stoch 2 period slope.**_FLAT_
Today is a 2 Day ROC BUY day - Look for intraday signals to go long
Today is an NR4 & 2 Day ROC BUY Day. DEFINITELY TRY TO GET LONG!
REMEMBER TO MONITOR FOR ANY HOLY GRAIL SETUPS TODAY! If the 5/15/30/60
or 120 min ADX>30 then look to trade the bounce against that period's
20 EMA with the last intraday swing pivot extreme as the target.
TRADING RANGE MKT:
If both the 30 and 60 min. ADX < 30 then look to trade S&R
Watch for OOPS! Trade - If O < YL then buy YL on a stop.
USH9 ID
R3 124 23/32
R2 124 8/32
R1 123 25/32
DP 123 11/32
S1 122 28/32
S2 122 14/32
S3 121 31/32
Attachment Converted: "c:\eudora\attach\USH9_200.gif"
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