Thursday, 28 August 2008
Light trading
Yes, I still trade. From the charts, I was watching my trade signals in conjunction with block trades. The block trades on ER2 really pinpointed the reversals. I've noticed block trades tend to work good for reversals when NYSE A/D has hit resistance/support levels and on NYSE TCIK extremes. I sold too soon on the 11:14 reversal; for some reason my quotes went blank, so I closed the position.
Bond Futures look like we are nearing a resistance point. Treasury bond yields will likely go higher.
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