Covered shorts. Went long the Long Bonds(USZ5).

Anyone else coming along for the ride ?

http://sites3.barchart.com/pl/vsn/cc.htx


Disclaimer;
If you listen to me you could lose all your money ...and more.

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Im looking for a possible turn at a double bottom next week

Doc,
As of Friday's close my Bonds charts are in unknown territory, so I would'nt like to comment on direction until the pattern becomes a bit clearer. When the Bonds reversed on Wednesday I went with it and am short again with a buy stop around break even. I'm just going to leave it there for now.

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BLSH,
New territory? Depends on the chart.

Here's what I am looking at: TNX

TNX looks like a sell to me.


In the upside down world of Futures charts it's not quite so clear;

My weekly chart is giving buy signals, but the daily is very vague. The 90 minute just looks like a train crash. I covered and went long last night anyway.

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I am NOT long Bonds yet (or short TNX, the equivalent position).
But I am watching the market for a reversal. Most convincing reasons are:
Seasonal factor, excessive bearishness by letter writers, and buying by commercials.

CHART from Larry Williams: see the other thread for a link to interview