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Do you trade bond bounces too (15:00-16:00)?

I don't know if that applies to markets but I know they say something similar in Northern Italy about the weather. The expression also rhymes in Italian: "Marzo di leone, Aprile di motone".

I was asking myself the same thing.

I agree with your timing. I think the dollar will go down this week (as bonds go up).

From my point of view -- the point of view of someone who was expecting a short rally -- a correction was due because the rally started on a very strong note so the reason why there was "no apparent reason" for bonds to get slammed would be because there was no reason indeed besides the timing...

Cincinnati is not in the South. But this reminds me of another thread that was posted over a month ago about people killing each other more often than ever over silly things.

Makes sense. Thanks for sharing.

Congrats on the entry points but keeping a short position or betting on new lows sounds very risky -- with oil, gold and stocks down; the dollar up; and nothing in Bernanke's speech clearly indicating that markets have been wrong.

Good think Surdo joined because this was starting to sound like a conversation with myself. :|

It's either resistance and the end of a short rally, or a pause needed by markets to analyze Bernanke's speech while waiting for the others to make the first move.

I'm having second thoughts. I was expecting bonds to rally this morning and they're not. The levels at which the recent rally was interrupted (Friday's correction,Bernanke's speech) might have coagulated into resistance. Considering how close I am to my price target, I don't think it's worth...

For the rest of the week, I expect to see the second phase of the <a href="http://elitetrader.com/vb/showthread.php?s=&postid=1009127#post1009127">bounce</a>, during which the premium on long maturities will shrink.

Bonds will probably correct today.

It works. Thank you.

Good strategy for the circumstances.

I guess we posted at the same time.

sold part of my long position for a quick profit

<p><font class="vb"><img src="http://www.streetgangs.com/homies/images/crybaby.jpg" border="0" alt=""></font></p>

agree

added a few long contracts this morning