Wednesday, April 27, 2005

4/27/05 open

This market is sick like a dog! The rule for the day is to short on any rally to speak of... especially high tick counts and stoch crossovers to the down side. I've sold a few at 114700.

Bonds rallied big time right back up to the resistance of 114-20 but hasn't been able to break above that with any conviction. I'm too concerned to short even though this is a huge resistance point. I will watch closely.

Trader X

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