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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Defrocked who wrote (67366)10/8/1999 12:22:00 PM
From: John Pitera  Read Replies (1) of 86076
 
Def, the technical set-up for the bonds does not make it a clear cut case that we are going to take out the 6.22 level in yield and head higher.

As bad as it feels for bonds, I would think the next 30 basis point move in bonds will be down in yield.

I would consider buying them between today's low and 6.22 realizing that a thrust above 6.25 will prove a bullish scenerio incorrect. Thus a stop should be put in @ 6.25

Ideally I would like one more hit down in price , and pop in yield to 6.20 or 6.22, maybe the PPI will provide that.
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