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I should have referred to it as Open Interest rather than Short Interest,
however the Open Interest represents futures contracts which have been sold
and must be repurchased/settled and as such, represents short interest.
Since the futures are used for hedging, not all of the open interest
represents net short positions e.g. a mutual fund might be long the S&P
stocks and short the futures.
Earl
-----Original Message-----
From: Peter [ KKD] <derivatives@xxxxxxxxxxxxxx>
To: eadamy@xxxxxxxxxx <eadamy@xxxxxxxxxx>
Date: Sunday, February 21, 1999 11:56 PM
Subject: Re: March Bonds
>earl
> wher do you get the info that says short interest is rising .....cot?
>where?
>Peter
>
>
>-----Original Message-----
>From: Earl Adamy <eadamy@xxxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Monday, 22 February 1999 11:00
>Subject: Re: March Bonds
>
>
>>Looking at the daily chart, price is hugging the downtrend line drawn
>across
>>the 1/28 and 2/10 pivot highs which suggests an upside break is likely. On
>>the other hand, we lack the typical triple fib thrusts which accompany
>>declines like this (the previous decline between 12/10 and 1/11 was
>>completed in two thrusts). Short interest in the futures has been rising
>>strongly indicating the expectation of further decline but would provide
>>lots of fuel for a sharp rally. The weekly chart shows less uncertainty to
>>me and the decline appear to be well underway with projection to 120^28.
>>
>>Earl
>>
>>-----Original Message-----
>>From: Bob Hunt <RHunt.066@xxxxxxxxxxxxxxxx>
>>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>>Date: Sunday, February 21, 1999 9:35 AM
>>Subject: March Bonds
>>
>>
>>>
>>>Content-Transfer-Encoding: quoted-printable
>>>X-MIME-Autoconverted: from 8bit to quoted-printable by accessone.com id
>>IAA05113
>>>
>>>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).=20
>>>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
>>>
>>>-------------------------------------------------------
>>>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=92s low of=20
>>>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
>>>20 EMA with the last intraday swing pivot extreme as the target.
>>>
>>>TRADING RANGE MKT:=20
>>>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
>>
>>
>
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