Market Curiosity: Exploring Markets And Systems

September 24, 2012

10 year notes – short on a stop (update 4, Sep 24) -60%

Filed under: -50 to -74% — Tags: — Jeff Fitzmyers @ 11:00 am

September 17
– Under 2 trend lines of resistance.
– RSI’s all pointing down but not too low.
– Weak up volume today
– Those 2 days of big up volume were quickly erased. The next day’s price did not even break the high’s. That can’t be bullish.
+ Price has not broken below the mid term EMA.

Update 1, September 18: I’m really not that interested in shorting gov debt. I think it will be the very last thing to drop because debt is the basis of FRN’s. Turd Ferguson’s Brass Tacks post basically confirmed this idea.

Update 2, September 18: Move sell stop to near today’s low.

Update 3, September 19: Move sell stop to near today’s low.

Update 3.x, September 19:Xiphos Trading’s take
How the Fed Just Destroyed the Bond Market, By Jeff Clark (Has an interesting chart.)

Move sell stop to near today’s low. Stop loss a bit higher than today’s high.

Update 4, September 24: Stopped out -60%. (Always based on full overnight initial margin.) I should really just wait until a definite down trend is established, or a very low risk juncture.

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