[RT] Re: Bonds (06-30 pivot date?)

["T-Bondtrader" <t-bondtrader@xxxxxxxxxxxxx>]

I don't know about grinding up and down, but we are certainly going down....

I have marked on the chart where I think we will stop.    If it is a
reversal, we may well see some upward move, but if it is more likely a
retracement, then there is a very good chance we could go down to 95^18 or
more...

The bonds have clearly got some idea of what Mr G is going to do and are
helping him with his decision!

Bill Eykyn
www.t-bondtrader.com
"Learn to read the tape"


----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, June 23, 2000 3:51 PM
Subject: [RT] Re: Bonds (06-30 pivot date?)


> With gap through the bullish hourly confirmation at 96-23, I waited for
> and bought the 38% retracement and reversed giving up a few ticks when
> it didn't hold. We are in very strong support area here and downside
> follow-through is weak. Having dropped as far as we have without a
> retracement and cracked the prior 3 lows this morning without gaining
> momentum on sell stops, I suspect we are in for a day of grinding up and
> down - just like yesterday.
>
> Earl
>
> ----- Original Message -----
> From: "T-Bondtrader" <t-bondtrader@xxxxxxxxxxxxx>
> To: <eadamy@xxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, June 23, 2000 8:30 AM
> Subject: Re: [RT] Re: Bonds (06-30 pivot date?)
>
>
> > I have to look at the primary trend as up and will set my
> > > trading plan accordingly.
> > >
> > > Earl
> >
> > I take it when you say 'primary trend' you are talking as a position
> player?
> > Because as a day trader I am thinking we will see the continuation DS
> come
> > the finish...   Went short when we went through the major line of
> 96^15 and
> > held for the .618 retracement off the intraday low, but we seem to be
> having
> > difficulty breaking it again and with the Spoo seemingly detirmined to
> head
> > south, I have moved my stop down to yesterday's low.  If we breach
> that
> > coming back, then we might see an up trend, but at the moment all my
> > confirming charts are staring at my boots...   so let me put my bread
> on the
> > table with at least ten ticks and you can have yours if it turns
> round.
> >
> > But if we end up with a continuation DS, then we proably are looking
> at
> > lower prices in the near term - but Mr Greenspan could change all that
> next
> > week.
> >
> > Bill Eykyn
> > www.t-bondtrader.com
> > "Learn to read the tape"
> >
> >
> >
> >
> >
>
>



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