if you beleive interest rates bottomed out

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Originally posted by wig@Mar 11 2004, 08:01 AM
Serge,

As usual, I am coming in with opposite views.

I did get out of my bond future longs at 115.12/USM.

However, the consecutive closes above the resistance are telling me that bonds / notes are stronger than expected.

Short-term, there may be some downside (normal after proving strength), but I would be careful not to get too bearish until the market gives real technical signs of a break down.


btw, how you like them stock shorts? ;-)))

I made a small fortune in those shorts and started repatriation of funds into shorting bonds.
I stated my reasons why, nothing technical, pure speculation on
1) end of Japanese fiscal year
2) large supply of treasuries hitting the market soon
and most important:
3) GUTS FEELING
;-)))