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Your .gif didn't make it. I will go over your question and answer it a little
later. Ira.
t-bondtrader wrote:
> > If this high of 99-24 holds and the bonds then hit 98-26 on a
> > retracement there is a high probability of the bonds going to 98 even
> > and then a longer term projection of 96+/- a few ticks.
>
> Ira, with regard to your assessment of the potential move for the bonds, is
> your target of ^96 +/- based on that level being a bullish retracement from
> the Contract High, rather than a continuation of the downward movement from
> a .618 retracement from 97^16?
>
> The first test has to be 97^16 and then after that a more crucial one at, as
> you have said, ^96 or thereabouts. It is when you look at the big picture
> of the contract as a whole, that you can see it could all easily be a
> bullish retracement from the CH, rather than a reversal, with pull-back to
> the .618 line. That scenario would have a dramatic effect on where stocks
> were going to be, I reckon.
>
> Incidentally, I wonder if you would like to comment on the fact that the S&P
> made a very neat and equal two-bar reversal yesterday, whereas the Dow could
> only retrace half its down bar? Curious? Or not!
>
> Anyway, I attach a gif of the bond picture and would be interested to hear
> your further comments
>
> Meanwhile, have a good weekend...
>
> Bill Eykyn
> t-bondtrader@xxxxxxxxxxxx
> www.t-bondtrader.com
> "Learn to read the tape"
>
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