|
PureBytes Links
Trading Reference Links
|
--- In gannsghost@xxxx, "topos8" <topos8@xxxx> wrote:
In GG post # 8405 on January 2 I predicted a drop in the bonds from
101-29 to 99-22 which would be followed by a rally to "104 or so".
In that same post I said that the 10 year notes would drop from 105-
11 to 103-28 and then rally to "106-20 (approximately)".
In the event the bonds dropped to 99-10 on January 4 and so far have
rallied to 103-03 (103-00 as I write this). The notes dropped to 103-
28 on January 4 and so far have rallied to 106-09 (106-04 as I write
this).
The market action during the past 8 days has allowed me to refine
this forecast a bit. I see strong resistance in the bonds near 103-
06 and in the notes near 106-14. I doubt that either market will go
much past these levels before a reaction lasting a day or two sets in.
However, the intermediate term trend remains upward in both markets
so I doubt that the bonds will drop more than a 48 ticks and the
notes more than a point from current levels.
It still looks like the bonds have to go abvoe 105 and the notes
above 107 before this intermediate term uptrend can end. These
levels may indeed prove to be too low.
Carl
--- End forwarded message ---
------------------------ Yahoo! Groups Sponsor ---------------------~-->
FREE COLLEGE MONEY
CLICK HERE to search
600,000 scholarships!
http://us.click.yahoo.com/vf6MrB/4m7CAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|