Tuesday, October 25, 2005

Bonds and Notes

Here are updated hourly charts of pit trading in the December t-bond futures and 10 year note futures.

I thought both markets would make higher lows this morning but that didn't happen. Instead both have dropped back to their recent low points. I think the bonds will halt near 112-00 and the notes near 118-14. I think this is the last shake out before a substantial rally begins.

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