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The seniment picture as measured by the exchanges $C/$P has
dropped to the 0.5X area where price trends tend to reverse.
BobR
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:t-bondtrader@xxxxxxxxxxxx";
title=t-bondtrader@xxxxxxxxxxxx>t-bondtrader
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>RT
Sent: Friday, February 09, 2001 8:34
AM
Subject: [RT] Spoo and Boo back on
track
This is really not much more than a test, as I
seem to be bereft of post today from RT. However, it is worth
reporting that as far as I can make out from the last couple of days, both
instruments seem to be running in their usual contra fashion
again.
Furthermore, I think that the breakout of the top
of the trend for the S&P turned out to be a false one and it looks like
lower price are in the offing. Consequently, I am pleased to say, the
bonds are on the up. If we break 105 evens, we could end up with a
decent range day.
We'll see...
Bill EykynTo
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