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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (6856)	10/20/1998 3:57:00 PM
From: SE	Respond to of 44573

I just looked at the BKX. The low was 545 a few days ago. It is now at 754. That is a gain of 38% in about two weeks. Holy Cow Batman. Am I seeing this correct? Unreal.....

To: Tom Trader who wrote (6856)	10/20/1998 6:06:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 44573

Tom, Nice trade on those bonds. I'm also still short, although not as confident as yesterday, but that could be a good sign, and you know how misery loves company... On the bond market, I found that this is the best trending market in all futures markets. Once the market begins a move, it's like a freight train. I was long the bonds for about seven months, I had to roll over into December, before I finally pulled the plug just a few weeks ago. I love the bond market, it seems easy because of the continuous trend it takes, not to mention a few whips here and there before it finally gets started. Provided that the equities markets continue their rally after a brief correction tomorrow morning or soon enough there after, I can see the bonds continue to inch their way back to earth as the earlier bond buyers liquidate their bond holdings and return to equities. I still have no confirmation of a bond top, I'm just taking some shots at it in the meantime. On my SP's, I'm still long, the NYSE advance decline (a/d) was still very positive and my stop for tomorrow is essentially out of range. I don't use stops, but since the numbers are increasing, the wave of buying is still not completed even if we sell off some from here. GZ