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Your target is just below the low of 9/20. I don't trade them and seldom
look at them. Maybe I should. To me they are just another numeric series.
The recent posts about them topping got my curiosity up, and indeed, the
signature appears to be there. Market Profile / Activity Bars are probably
used with T bonds moresoe than with anything else since the CBOT
owns/licenses the software. A real MP chart would show the volume activity
of the different participants. Still, the TS Activity Bars seem to do a
decent job without differentiating the source of the volume in both T bonds
and snp. Unless I am mistaken, and I could very well be, it appears that T
bonds have some distinct trend and consolidation characteristics. What is
mean't by that is, when they consolidate they have a normally distributed
profile in a narrow price range. When they trend, they do so steadily
making a 1/3 retrace intraday whether it is up or down. Most of the time it
appears that once they cross the dynamic midpoint which is usually soon
after the open, they go into a trend within the upper or lower 1/3 channel
being created that day. Thus bonds appear to be good candidates for system
trading. Again, I could be totally all wet with these notions, but I don't
think so. Clyde Lee did some system coding on this which is some of the
most profitable coding he has done.
bobr
.
----- Original Message -----
From: "Dorothy Carter" <dorothy.carter@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, October 20, 2001 6:53 PM
Subject: Re: [RT] bonds top?
> Bob: Your chart fits my targets of 102.12 102.06
>
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, October 20, 2001 4:36 PM
> Subject: Re: [RT] bonds top?
>
>
> > 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
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
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> > >
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
>
>
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>
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