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To: J.T. who wrote (16446)1/16/1998 8:17:00 PM
From: Lee  Read Replies (1) | Respond to of 50167
 
JT, Thank you very much for the morning reply and evaluation. However, the March bond opened down ^14 (122^20) from previous day's close and did not rally. US8H finished the shortened session at 122^10. If I could have gotten in at open with a "buy at open" order, and gotten out in the final half hour, could have made 13 ticks but the selling did not have conviction. Kept expecting a big rally. Also, I suspect that without very strong market moving eco data, bonds will keep their powerful upside bias. TYX ran up to 5.799% in the final half hour but closed at 5.794%. Will use the weekend to plan some positions for next week for both directions.
Stocks were good though, an up bias mostly all day.
Regards,
Lee