Deflation

yeah, nice move thru yesterdays low!

Question from yesterday:

what is the obvious target for the June Bonds based on market action lets says over the last 2 months?.

Does an ascending triangle ring a bell? 115-26 object June Bonds was met this morning!!! Daily and Weekly trend is still up.

I agree with Ackerman that yields could fall lower, however 127-21 may be a bit too far to go, by June!

:D
 
Quote from Pabst:

Something that buttresses Waggie's inflation view is the extreme backwardation in commodity spreads. While much attention has been focused on Energy and Grain prices, the market is trading at substantial discounts in the future. New crop beans for delivery in November are at a $2.00 discount to May/04 and Nov/05 is at a whopping $3.00 discount. Similarly, Crude futures are priced back below $30.00 after the summer driving season ends. Commodities as expressed in currency prices of non U.S. developed nation's have really not risen despite the dollars fall. If the crude strip remains static, oil prices will be the lowest as priced in Euro's or Yen that they've been in years.
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In an effort to fish this thread out of the septic tank:


Pabst,

Are you putting on any of these spread plays in the Backwardation markets?

They always revert back to their normal state ....someday....don't they. :cool:
 
Why even talk about the last 2 months or the next two months?

Do you hold positions in T-Bond futures for over a month?

If you agree with Ackerman then I guess you agree that 115.18 was a key pivot level over the short-term.

Again, do you trade T-Bonds for monthly periods at a time?
I doubt many people even put trades on for more than a week, let alone for 2 months . . .

Interesting.
 
Please address me by my ET member name. Stop with the childish behavior!

I agree with Ackerman that yields may fall lower! However, I never said I agreed with his "hidden pivot" points! Right? Get your facts right!

The 115-26 target is in reference to the ascending triangle that has formed over the last 2 months and the recent breakout of that triangle. The 115-27/30 level was a R2 level today! Right?

Maybe you should reread the chapter on Continuation Patterns in one of those technical analysis books you have and how targets are derived?

I hold positions from 1 day to several weeks. Got it!

:D
 
You have difficulty receiving information, slow down and comprehend what was written.

I said:
what is the obvious target for the June Bonds based on market action lets says over the last 2 months?.

&


The 115-26 target is in reference to the ascending triangle that has formed over the last 2 months and the recent breakout of that triangle.

Duh!

:)
 
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