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To: velociraptor_ who wrote (8303)2/27/2003 3:03:30 PM
From: GrillSgt  Read Replies (3) | Respond to of 10157
 
Fwiw,to follow up from this morning.. I like to see 75% to 80% up vol with expanded range up. We have done both today. Therefore I would say odds favor this is day 1 of new cycle unless we just give it up in the last hour. Earier OBV 5:1 + though makes this unlikely right now.

I would call this day 1 under that scenario which means tomorrow should be an intraday high if we are to enter a down cycle. Should see a high (hopefully a gap up in morning) tomorrow. I will sell the shit out of a gap! A goosed up preliminary GDP report may give us just that.



To: velociraptor_ who wrote (8303)2/27/2003 3:13:18 PM
From: Joe Smith  Respond to of 10157
 
Note that the TNX barely budged on news that moved equities even though it was particularly unfriendly to bonds. It has set a couple of more new lows today for yield since 12/31/2002. It looks like it really wants to test 10/8 lows of 3.56. Just one last gap to fill.