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Forgive me if I am stepping out of bonds here. I never traded them except
to redeem the ancient savings bonds acquired when I was a teenager. The TS
Activity Bars price distribution do present a toppy picture. Open interest
is decreasing, volume is decreasing, lower peak with bearish activity bars.
Friday's close was at the bottom of the value area on a bar that sellers
dominated. A trendline break at 106'03 would probably see auctioning down
into the 105'10 to 106'03 range. The optimist would say bonds will bounce
at the trendline, but on weaking technicals it doesn't appear the odds are
in favor of that.
caveate, I don't know what fixed income is since I can't save a dime, money
was made for trading, etc.,
bobr
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, October 20, 2001 12:06 PM
Subject: Re: [RT] bonds top?
> Regarding earlier comments regarding the breach of the 78% bullish
> retracement level there was not a daily close above this important level
to
> confirm the breach. Failure to close above this important level is a clue
> that a correction may be underway.
>
> Earl
>
>
>
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