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As a short follow up to his mornings bond post, notice bonds traded right
up to the 115^05 resistance area. Tomorrow should be quite interesting.
By the way, were any of you aware that golf and trading compliment each
other very nicely, or that discussions about stops tend to polarize people?
Regards,
Tom Alexander
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From: Tom Alexander <gta3@xxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxx
Subject: Bonds
Date: Tuesday, June 29, 1999 9:37 AM
With all the attention on the bond market at present, I thought I'd share
my current take on that market.
Translation: If we move above (especially if we close above) the 115^05
area bonds may have put in a significant bottom and should rally
considerably higher over the intermediate term. If bonds turn down from
here, or reverse sharply from the 115^05 area, we will probably see new
lows before any significant rally.
Regards,
Tom Alexander
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