1121 EST I really don't spend any time on the math behind the relationship (if any) between moves in the ES and moves in the 10 year, but it really does seem odd that we haven't at least had a little spike up in the 10 year on new lows in the ES. Oh, well, it really isn't something to count on.
0912 EST Targets on moves to the upside today are: 118 000 and 118 160 Currently I'm long from 117 215 and higher.
0924 EST I'd like to see a decisive break above 117 275 to confirm my projections. A minimum of the first target will result from such a break.
0720 EST Pre-market commentary for Wednesday 19 August 2009 I believe that any buy near 118 000 will be a gift. This is the move I've been playing for the last couple of days. Unfortunately it happened at 0200 EST and I wasn't able to take advantage of it. My initial target will be 118 160 today.
Thanks. Don't get too greedy about a return to the highs. I think we may have a shot but it is hard to say.
1112 EST If we can break above 118 090 decisively, we may have a shot for a re-test of the highs, other than that, the only thing I see is the standard 2 - 4 hour, 4 tick range that we've been having like clockwork day after day. Well, sometimes they make it a 6 tick range, but you know what I mean.