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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (45965)6/16/1998 5:56:00 AM
From: Patrick Slevin  Respond to of 58727
 
I forgot my call from Friday....all I remember was that 3 ET was going to see sharp action and I guessed down.

It was the other way, of course.

A break in the bonds, to my way of thinking is very short-term bullish but may become bearish by day's end. Although Globex is now 1095 I think it may even be higher early in the session and still plan to hit it from the short side.

The bond is down 15 ticks.

Whatever reason the Feds have for asking about the ownership of the bonds was, I still think they work hand-in-glove with BOJ to stabilize both regions. Whether they will be successful or not is a good question.