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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (3522)7/31/1997 2:27:00 PM
From: Tom Trader   of 94695
 
Hi Bob, regarding the posting by DS on the price action on the bond futures today

With all due respect to him, for the bonds to give up a few ticks after the kind of run-up that they have had is not significant. In fact right now, they are trading 18 tics above the low for the day and 9 tics below the high. They have taken out several levels of resistance.

I am sure there is some jitteriness before the employment #s tomorrow and some traders will be tempted to take profits.

Take care
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