given Lance's calls previously I pay attention to what he says. But it is hard to see a rally from here (in fact on zb it is easiest so... maybe). I bet on Asia and believe the recent outflows are not only because of the end of fiscal year. It is more about expectations on USD - and that is definitely bearish - as long as there is possibility of a cut or a high inflation without a hike...
Quote from Lance Carson: Long 111-16, ZBM7 Target 114-24 Longer time frame. -------------------------------------------------------------------------------- That's what makes markets! We will certainly test 4.65 on the 10 Year yield, not ready to be building a long just yet. good trading! lefty
Note that I don't trade long term, but, if I had to guess, I would go with Lance on this one too. I think the 114 range is a reasonable target. Short term, I think we may go to 111 01 or so. Depending on the reports and the news, I will be looking to short at key levels tomorrow, Thursday 29 Mar 2007. Monday through Wednesday this week have worked out really well for me for my typical 4 - 6 tick trades. I wish I had been monitoring Lances call a couple of days ago.
what is long term, short term? why would you go long here (for long term) when you thing it sucks short term? does NOT make sense to me at all...
Long term = length of time greater than what I discuss in this journal. Anything held overnight or longer. Short term = length of time I discuss in this journal. Typically no more than 1 - 4 hours in the morning. As for the rest of your questions, I think they are addressed to someone else as I never said I would go long and I never said "it sucks short term." In any event, can't a person feel short term one way and long term another? I think that is a basic foundational element of trading.