Market Curiosity: Exploring Markets And Systems

January 19, 2011

Shorted March refuse-to-crash-bonds +4%

Filed under: +0 to +5%, Futures Trades — Tags: , — Jeff Fitzmyers @ 3:39 am

Short from 120.875 yesterday.
Stop loss at 120.72.

– Very poor fundamentals due to outgo > income.
– Triangle pushing up against 34 EMA.
– 34 and 170 EMA’s heading down.
– 3 trading days ago the one big volume up did not make it to the top of the triangle. And the next day was over 50% reversed.
+ It bonds, the gov will try everything to keep them from reverting to their intrinsic worth.
+/- Bollinger Bands have contracted. Expect a move one way or another soon.

Stop loss triggered. +4% The stops were run, price is back down so I will wait for another short opportunity..

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