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[RT] Re: Spoo Spoiler

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<DIV>... real tricky markets right now which is why they are moving sideways.
<DIV>&nbsp;</DIV>
<DIV>Earl</DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>I completely agree with you on the tricky markets, 
but I am not sure that that is the reason why they are moving sideways.&nbsp; In 
fact, I think they are moving in opposite directions (see attached 
gif).&nbsp;&nbsp;Discounting the Telegraph Pole, they are actually both waving 
their flags in opposite bull and bear fashion and that is all the more worrying 
that both are in intermediate up trends.&nbsp;&nbsp; Tricky is a very good 
word...&nbsp; </FONT><FONT face=Arial size=2>The tight spring is definitely 
right and we should get quite a break when it happens, but like all these 
things, it is a matter of time and timing.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>Off for an early drink and I don't feel I am going 
to miss the trade of the millennium...</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV>Bill Eykyn<BR><A 
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read 
the tape"</DIV></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  Earl Adamy 
  </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, June 12, 2000 6:44 PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: Spoo Spoiler</DIV>
  <DIV><BR></DIV>
  <DIV>This relationship has been shifting back and forth so you have to keep an 
  eye on it daily. It was just the other day that both rallied at the same time 
  ----- Original Message ----- </DIV>
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
    <A href="mailto:detomps@xxxxxxxxxxxxx"; 
    title=detomps@xxxxxxxxxxxxx>DonThompson</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>To:</B> <A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, June 12, 2000 11:20 
    AM</DIV>
    <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: Spoo Spoiler</DIV>
    <DIV><BR></DIV>
    <DIV><FONT face=Arial size=2>Bill,</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>I know you study bonds quite 
    closely</FONT></DIV>
    <DIV><FONT face=Arial size=2>How closely does an intraday correlation like 
    this hold up over the long haul?</FONT></DIV>
    <DIV><FONT face=Arial size=2>At some point the equilibrium will get 
    gutted.</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>Regards,</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>Don</FONT></DIV>
    <BLOCKQUOTE 
    style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
      <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
      <DIV 
      style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
      <A href="mailto:t-bondtrader@xxxxxxxxxxxxx"; 
      title=t-bondtrader@xxxxxxxxxxxxx>T-Bondtrader</A> </DIV>
      <DIV style="FONT: 10pt arial"><B>To:</B> <A 
      href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
      title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
      <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, June 12, 2000 12:27 
      PM</DIV>
      <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Spoo Spoiler</DIV>
      <DIV><BR></DIV>
      <DIV><FONT face=Arial size=2>From the attached chart it must be pretty 
      obvious what the bonds ought to be doing - and indeed may yet do! - but by 
      having a the Spoos underneath, you can see what is stopping it 
      happening.</FONT></DIV>
      <DIV>&nbsp;</DIV>
      <DIV><FONT face=Arial size=2>The is a good example of why it is a good 
      idea to have an S&amp;P chart handy when you are trading the 
      bonds.&nbsp;&nbsp; You can see that the bonds want to go down, but are 
      being forced up because of the Spoo's downward trek.</FONT></DIV>
      <DIV>&nbsp;</DIV>
      <DIV><FONT face=Arial size=2>Interesting...</FONT></DIV>
      <DIV>&nbsp;</DIV>
      <DIV>&nbsp;</DIV>
      <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>
      <DIV>&nbsp;</DIV>
      <DIV><FONT face=Arial 
size=2></FONT>&nbsp;</DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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