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Bonds are looking dicey right now! The long term historical chart I posted
perhaps a week ago indicated projections and resistance in the 6.05-6.10
percent area (haven't converted to futures price level but we are not there
yet). Current work on daily futures indicates possible bottom Friday/Monday
between 117^06-116^20. If we don't get a turn here, I have minor projections
at 115^09, 114^13 and a large cluster at 111^23-112^07. What I can say is
that this thing is looking nasty and it's having a major effect on both
equity and currency markets. I think we've reached a point at which further
declines could seriously unhinge a great many markets and I see the Fed
moving to quiet and calm the markets after such a large run-up in rates.
Today could be an opportunity in long bonds.
Earl
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: Monday, May 17, 1999 5:19 AM
Subject: Re: June T-Bonds
> congratultions to earl and steve posner for forcasting 117-118 in
> june bonds
>
> this was 2-4 weeks ago!!!!
>
>
> any idea of were we go from here
>
> like to see a weekly adv get gif with mob on it???
> happy trading
> Ben
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