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To: Patrick Slevin who wrote (18119)3/10/1999 9:53:00 AM
From: SE  Read Replies (1) | Respond to of 44573
 
June contract.

Falling knife you say? Well, let's hope not.

Based on a fork read on the bond chart. I am concerned about the TYX however. It looks scary and Don's read is the TYX can start going up anytime now....

It is possible I suppose that the move I was anticipating, is already over. If so, the move was weak and that would indicate furture erosion in bond prices.

-Scott

EDIT - If this move is over, then things are real weak. Next projected target if this is over would be 120'07 and falling...to less than 120'00 by the end of the day.

A price break to 120'26 would lend me to that conclusion.....



To: Patrick Slevin who wrote (18119)3/10/1999 10:05:00 AM
From: Chip McVickar  Respond to of 44573
 
Patrick and Thread,

I SCREWED UP ON THE LAST POST

Corrections are needed
Disregard the first message

Major Fork...IMO
2/19 Low midline bisecting 2/24 H -- 3/3 Low
Upper = 1330
Middl = 1280
Lower = 1232
NOTE: THIS T-Proj from this fork is due today 11:30...
This is the best "Window of Opportunity for this fork to operate.

Time Projections:
10:15 - 1d
10:15 - 2d
11:30 - 4d
11:30 - 6d
11:30 - 2/19
02:15 - 7d
Give the larger ones 10-15 minutes

If this one breaks down.....the midline off 2/24 High becomes the
next player....looking down.
Upper = 1290
Middl = 1245
Lower = 1200

Now there is a smaller fork off 3/1 sprd that follows....also a player.
Upper = 1280
Middl = 1260
Lower = 1235

Sorry for any confussion
Chip