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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Brian Hornby who wrote (18227)	3/10/1999 8:26:00 PM
From: Teresa Lo	Read Replies (1) of 44573

Bonds are technically still in a downtrend, but on the daily chart, it made a Linda Bradford Raschke Turtle Plus 1 buy set up where on March 4 it made a new 20 day low and closed below the previous 20 day low, which was made on March 1. Then last Friday, on the jobs report, the price went back up and it was a buy at the March 1 low. Since then we had three inside days to consolidate Friday's gains, and that's probably a good sign. At some point it would make sense perhaps to pullback but it sure seems like it is struggling to put in a bottom on a short term basis. Long term, I think short of a huge depression, we've seen the sell of a generation in bonds, but that's neither here nor there, because my opinion is not something that I would use to trade from. The price action is the important point.

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