one thing I can say, if ZB ever breaks under 105, we are headed for a nasty fall..... it will be the first real "lower low" since 1982
well, equities down and treasuries down that hasnt happen very often lately the herd getting ready to bail on ZB?
I've been scratching my head all day. Especially after the big drop after 8am this morning. Kind of weird.
Yeah it was really slow in the options pit today too. Not much going. Mostly guys buying mar puts and put spreads. I expect to see even more selling pressure tomorrow even though i expect the stock market to be down too. Non the less it should be a very interesting day tomorrow. YT
Look at the charts of ES and ZB from about 10am on this morning. ZB seems more like it is following the ES rather than running away from it, kind of strange. I'm not sure what to think of it but I'm still trading them both! As someone wiser than me has said, trade what you see not what you think.
ZB had already had a monster move up from 119 to 120 '11 before the market even opened and was perhaps over bought... then again, as you said, trade 'em as you see 'em! Hope you made some Green, I missed some of the move down, rang the reg a bit, and had a nice day shopping and admiring the Yummy Mummies on Madison Ave! surdo
massive stock market tank and recession fears confirmed but ZB can only move up 1 point this thing is getting very top heavy imo I cant tell you where the top is, but I think it will reverse heavily to the downside at some point soon
I agree the market is not following stocks as it used to, I might just turn my spoos off and trade like i used to remember when the bond looked like this,,,, i think taken some time in november based on price and size in book oh yah and iam well aware iam working to many orders in a row,,, i think that is why i took a picture of it