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bye, bye bonds; bye, bye US Dollar.
> -----Original Message-----
> From: topos8 [mailto:topos8@xxxxxxx]
> Sent: Friday, January 25, 2002 1:41 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Fwd: Bond and S&P update
>
>
> --- In gannsghost@xxxx, "topos8" <topos8@xxxx> wrote:
> AS I write this the March bonds are trading at 101-24 (up from
> today's low at 101-13) and the 10 year notes at 105-05.
>
> In GG#8718 I said that the bonds would stop at 102-24 support and
> then rally to 105-08. In the event the support held only for two days
> before the market headed even lower.
>
> My method for squaring price with time now tells me that the bonds
> have reached very strong support near 101-16 and the notes near 105-
> 00. From here both market should move up strongly. The bonds should
> move well above 105-00 and the notes should reach 108.
>
> This is likely to be the last rally in the uptrend which began from
> the December lows. Once a top occurs both the bonds and notes are
> likely to drop below the December lows.
>
> It still looks like the S&P 500 is headed to 1190 or so as the first
> leg in a move into the upper 1200's. The worst I see on the downside
> from here is 1105 and I think it more likely that the 1117.50 low in
> the March futures will hold.
>
> Carl
> --- End forwarded message ---
>
>
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