Oprano Adult Industry Forums - View Single Post - wig, what's your new outlook on the bond market?

wig · 04-05-2004

Serge,

Bonds tested their extreme, near-term support, although notes did not make it there. BPJ was short bonds and I gave him 109.16 as a place to get out. I guess it depends on your time horizon.

It will now take a weekly close 108.16/US and 112.05/TY to turn the weekly trend down and give the first good indication of the mid March high being a MAJOR secondary peak.

Short-term, I think they will consolidate and retest the recent lows. How we close on the weekly will be the deciding factor to me.

I am leaning towards a consolidation followed by another rally into year end, but that can all change if they break down and give confirming closes.

Long term (years) I think we are very close to the ultimate bottom in rates, but it will take a monthly close below the August 03 low to confirm.

How about that cycle low in Stocks I had for the week of March 22nd? ;-))

04-05-2004	#2
wig Members Join Date: Oct 2002 Posts: 1,248	Serge, Bonds tested their extreme, near-term support, although notes did not make it there. BPJ was short bonds and I gave him 109.16 as a place to get out. I guess it depends on your time horizon. It will now take a weekly close 108.16/US and 112.05/TY to turn the weekly trend down and give the first good indication of the mid March high being a MAJOR secondary peak. Short-term, I think they will consolidate and retest the recent lows. How we close on the weekly will be the deciding factor to me. I am leaning towards a consolidation followed by another rally into year end, but that can all change if they break down and give confirming closes. Long term (years) I think we are very close to the ultimate bottom in rates, but it will take a monthly close below the August 03 low to confirm. How about that cycle low in Stocks I had for the week of March 22nd? ;-))