Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: Casaubon who wrote (38198)	10/17/2005 12:07:04 AM
From: Walkingshadow	of 39683

Hi Casubon, Just a semantic thing. You are correct, that is a chart of the yield, so because yield moves inversely to price in the secondary market, treasuries are oversold. But that might be a bit confusing to people looking at the chart of the yield, which is clearly overbought. Here's a more accurate way to look at it: futuresource.com So far in overnight trading, treasuries have begun to reverse as anticipated. There are at least two ways to play this: long the underlying, or short the yield. << probably result in a bounce of TLT, yes? >> No, I don't think so. I think it is the other way around. The iShares only trades about a million shares a day or so. And I doubt whether they can be shorted, at least for all practical purposes. The secondary treasuries market is much larger. T

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