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[RT] DS on the CH

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<DIV><FONT face=Arial size=2>Well, yesterday we saw a dramatic DS in the 
intraday 5 min chart, as the exit from a $1,000 trade (per contract) to the 
north, as part of an&nbsp;Inside Day trade,  and which went on to initiate 
$1,000 trade to the south.&nbsp; Quite incredible, but most rewarding.&nbsp; 
With the bonds it seems that you buy and then sell the new 
moon....!!!</FONT></DIV>
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<DIV><FONT face=Arial size=2>Now, we end the day, today, with a DS on the 400 
min chart, so that if we get the right-hand side of the sandwich tomorrow, then 
the portents for First Friday are really good - to the south.&nbsp;&nbsp; If we 
get a continuation sandwich, then all sights should be on a break to the 
north.&nbsp;&nbsp;&nbsp; Since the Spoo currently runs conversely to the bonds, 
this should be useful trading knowledge for those who gallantly trade the 
S&amp;P.</FONT></DIV>
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<DIV><FONT face=Arial size=2>Not so long ago, someone posted that the bonds were 
dead...&nbsp;&nbsp; I rather think not!&nbsp;&nbsp; At least you can get in and 
out on the nose, even in a fast(ish) market, but if you were trying to get out 
of the dot coms, I wonder how many brokers' lines were totally jammed, apart 
from all the other pressures of that sort of day trading.</FONT></DIV>
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<DIV><FONT face=Arial size=2>As I write the Spoo is heading for the lows again, 
with 20 mins to go.&nbsp;&nbsp;&nbsp;A gap up start for the bonds tomorrow could 
give us a very nice right hand to the sandwich.&nbsp;&nbsp; Watch the 
overnight.&nbsp; Could be a good one...</FONT></DIV>
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<DIV><FONT face=Arial size=2>Bill Eykyn<BR><A 
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read 
the tape"</FONT></DIV>
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