when fear and greed take over all rational fundamentals ( / behaviour ) go up in smoke.... ps I am of the opinion that the Great Depression II is going to be a lot worse than the first because imho a lot of the automatic trading (bot) systems have "flipped" and are emotionless and are pushing the market further down. This in stark contrast to the Great depression of the 30's where the traders decided to go long in order to save the economy. These mechanical systems are relentless....
I have an old copy. Haven't been able to find a new version after bonds changed ticks. Says it is to big to upload here, send a pm with your email and will be happy to try and send one that way. It is an xls file. The 122 4% doesn't quite match but it is close.
maybe a couple of months ago there are no bots left in treasuries they all blew out! LEH, Bear, JP Morgan Chase and other banks closing their desks but they are there in spooz for sure not as much as they used to be but a lot of movement is due to : brokers in the pit giving edge to their buddies off the market and when someone is trading huge spreads in options against the futures against the spy's that is why you get these 50K futures moves in spooz. Just stuff people in the know have told me what's going on in these markets. FYI- 30 Cash yield today high 4.137 low 3.952 trading at 3.970 right now that is brokertech cash feed on CQG.
Better luck next time, I personally try not to ever short ZB into a weak ES tape. Do you have a stop loss "uncle" target? You know 2 hours after you cover we will get 50 point spooz rally and ZB breaks a point or two!
...and so we ended the session nicely touching the 123-00 handle with 211 lots, too...deleveraging continues...next high is 124-12 dated 2003.