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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: yard_man who wrote (5045)1/14/2004 12:31:33 PM
From: mishedlo  Read Replies (2) of 110194
 
3.988 ding ding!
Next stop that intermediate low.
I believe we called this nearly perfectly.
We did not call last big bounce to sucker in more treasury bears right at the tip of the yield top, hoping for the big breakout in TNX. All the other bounces and general scenario was very good.

Now after we test that next big low do we bounce big or fall thru to the BIG bottom? That would be a huge move and I doubt we get that far. Personally I would just take some treasury profits here IF I was in them (and let 1/2 to 2/3 ride).

M
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