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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (133081)	5/25/2006 6:44:24 PM
From: sitkapacific	Read Replies (2) \| Respond to of 209892

I think TLT is looking quite good. The decline over the past 2 days looks like a wave C. And how about this chart of HOV: stockcharts.com If yields come down, that's going to look like a nice A-B-C decline off the high. Brian (good lord, did I just consider a homebuilder!?!)

To: Henry J Costanzo who wrote (133081)	5/26/2006 7:18:04 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

Fwiw, I have been cutting down on bond exposure. No big change in thinking - which you know. Couple of reasons for cutting -- one, I have an old rule which served well over the years - if a trade does not start out well and moves against me, I no longer try to make a "killing" on it. If I get a chance to get the money back, or make a little bit - I do it. Another reason is that the position was fairly large and I realized that the trading account was actually using margin. This lead to a decision to "sell to the point of sleeping" - g.