June T bond (ZB M4)

This is a discussion on June T bond (ZB M4) within the Money Markets forums, part of the Trading Choices category; Following explosive rise on Friday on back of weak empl figures and consequential anticipated need to cover short duration by ...

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Old Mar 9, 2004, 3:05pm   #1
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Default June T bond (ZB M4)
Following explosive rise on Friday on back of weak empl figures and consequential anticipated need to cover short duration by mortgage lenders), bonds seem to be stairstepping upwards.

I see clear bullflag patterns (see chart) which target next leg at somewhere near 11610 (eg another full point) unless of course the flag fails(?)

Keen to hear your views?
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Old Mar 9, 2004, 4:07pm   #2
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Default Re: June T bond (ZB M4)
Whats volume saying? Are buyers still coming in?

If you do go long, be on your toes. The party could be over soon as people take their profit. Spoos are weak though which could add fuel to your fire!

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