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Strategies & Market Trends : Classic TA Workplace
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To: jjstingray who wrote (78917)8/12/2003 7:41:22 PM
From: Shack  Read Replies (2) of 209892
 
Back from my bike and I see AMAT warned and closed down a whole 17¢ after hours. Methinks it may be sold out short-term but who knows. Futures are flat too.

For the TNX watchers, yields formed a beautiful wiggle wedge off the last high, broke out, and is now moving up again. My guess is we are in the last wave up in yields and I will be buying back all the bonds I sold in mid June. We may be in a real bond bear but for now I am treating this as a buying opportunity.

I would like to see yields in the 5's before I buy however.
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