Quote from glassinc:
Zboy,
It's an interesting concept, but pure fallacy. Let's revisit history meaning in the last 20 + yrs. The long bond was well below 100 & yielding 14 - 15% in the late 70s or early 80s, I dont remember exactly as I was only a teen. The stock market, we'll use the DOW for comparison was also below 1000 @ this time.
In 1982 it broke & stayed above 1000, & thus was born the BULL of the 80s, & 90s. @ the same time the bond began an upward move, & still is? So until 2000 when equities began to decline, hadn't both bonds & stocks been in a 20 yr. upward cycle together? It would appear so to me.
God Bless & GFtY! Kelly
Quote from spreadem:
I am a chart reader but I don't base trading decisions solely on chart patterns or TA.
Die bonds Die! Two full points in the bonds in about 3 hours! Needless to say I'm pleasantly surprised.
Quote from zboy2854A:
As I mentioned in an earlier post, I have no current position. I'm waiting for a break below 118 to confirm a retracement, in which case I'll go short with a break even stop and a target of 112 to 113. If it can't break 118, I'd wait for a break above the high of 123 to go long. For me, until one of the two happens it's no mans land, since I look for swing positions and don't bother with trading wiggles.
Quote from spreadem:
Die bonds Die! Two full points in the bonds in about 3 hours! Needless to say I'm pleasantly surprised.
Looking for support to come into the market and the bond bulls to try to rally the market back to the 118'16 level.quote from Point Man:
11705 to 11616 is where you go long USU for the next 2 months of correction/consolidation trade. The next leg up to 145-150 begins in the fall.
Sure do. I'd prefer a close below 117'16; weakness into the close.quote from chessman:
Do we need a close below 118 to confirm?