yeah, nice move thru yesterdays low! Question from yesterday: what is the obvious target for the June Bonds based on market action lets says over the last 2 months?. Does an ascending triangle ring a bell? 115-26 object June Bonds was met this morning!!! Daily and Weekly trend is still up. I agree with Ackerman that yields could fall lower, however 127-21 may be a bit too far to go, by June!
In an effort to fish this thread out of the septic tank: Pabst, Are you putting on any of these spread plays in the Backwardation markets? They always revert back to their normal state ....someday....don't they.
Why even talk about the last 2 months or the next two months? Do you hold positions in T-Bond futures for over a month? If you agree with Ackerman then I guess you agree that 115.18 was a key pivot level over the short-term. Again, do you trade T-Bonds for monthly periods at a time? I doubt many people even put trades on for more than a week, let alone for 2 months . . . Interesting.
Please address me by my ET member name. Stop with the childish behavior! I agree with Ackerman that yields may fall lower! However, I never said I agreed with his "hidden pivot" points! Right? Get your facts right! The 115-26 target is in reference to the ascending triangle that has formed over the last 2 months and the recent breakout of that triangle. The 115-27/30 level was a R2 level today! Right? Maybe you should reread the chapter on Continuation Patterns in one of those technical analysis books you have and how targets are derived? I hold positions from 1 day to several weeks. Got it!
You have difficulty receiving information, slow down and comprehend what was written. I said: what is the obvious target for the June Bonds based on market action lets says over the last 2 months?. & The 115-26 target is in reference to the ascending triangle that has formed over the last 2 months and the recent breakout of that triangle. Duh!
There is some "London Newspaper" (again) trying to make money from what happened in Spain. Shame on those "London Newspapers" !!!