Jimm2:
Thanks so much for the kind words. As for your question regarding bonds, your are correct in your assumption. It is the 30-year bond that we watch rather closely. Over the past 3 years or so, the 30-yr has not been as crucial a market indicator, as in the past. However, with mounting concerns regarding additional interest rate hikes, its importance as a general market guide has increased dramatically.
The Market Maker educational report written a while ago calls for a major overhaul. Not only is the list in that report out of date, the efficacy of the method described in that report has greatly diminished. While this report is far from old, the rapidly changing world of electronic trading has been very quick to make certain things obsolete, and the old mode of scalping wide spread stocks, while not obsolete, is quickly becoming a thing of the past. Wide spreads, which were once the rule, are now more the exception, making scalping in between more difficult today. While we do have every intention of re-writing the report you refer to, to reflect the changes, it is still important to understand the underlying concept described in the report, which to our minds is timeless. I hope this helps in some way.
Oliver L. Velez |
