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By all measures, the uptrend is still in effect.
If the employment report is bullish, the bonds could continue their
breakout.
I do believe that if they do break out, they will have very limited upside,
due to the lack of fundamentals behind the move. (Corporations flooding the
market
with bonds issuance, equity market and US Dollar grossly overvalued).
I am waiting for a clear change of trend, and better yet, a break-out then
failure before
I put my on my bonds shorts.
JT
----- Original Message -----
From: "Ira Tunik" <ist@xxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, August 03, 2000 10:10 AM
Subject: [RT] Bonds
> My work shows that the current rally in Sept. bonds should be over
> between here and 99-27. It looks like a retracement is in order at this
> time. Ira.
>
>
>
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