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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: set who wrote (48733)	4/30/2000 7:53:00 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 99985

set - thanks for the US0M charts, edit, just saw your second note... It looks to me on the monthly continuous contracts chart that 98^03 from back in 95 has set up resistance which the bond is dealing with right now. If it manages to launch above there again, I think the near term outlook for the bond would then have to be viewed as bullish as it would seem that the higher high and higher low on the monthly will have been protected at that point (and we are talking about an uptrend going back years...) If it doesn't launch, well, you know. ;) PS, for some reason I am missing some volume data for a few days over the past couple weeks so I can't be sure of this, but it appears from other sources that the weekly chart pull back has been on decreasing volume, setting up a bullish flag consolidation pattern potential. Talk is cheap for me on these, I don't trade the bonds, just SP and NDX futures.