Bulls Sallies Out!
The bulls sallied out of their beseiged castle, all alone and without additional ammunition, to meet the bears garrison head on today, winning a grand 900 over points. Will the bulls have enough troops left to fight the main force of the bears that are now closing in around them? In fact, the bulls' greatest ally, the bond traders, have remained still today, leaving the fight to the fanatics who think they could lift the seige in one grand battle. Seasoned traders know what that means in the coming days. If the bulls get slaughtered this week like it did last Monday's surge, the final trace of optimism may be eliminated and we could have that final capitulation we have been waiting for.
Labels: 2008 crash, fundamental analysis, technical analysis
posted by Jason Ng at 1:28 PM
3 Comments:
Excellent observation about Bond market. No other news nor pundits noticed that!!
Hi Jason, can you tell me what you were looking at , to determine that Bond Traders were sitting out? Thanks.
I look at the daily bond yield curve at http://www.optiontradingpedia.com/option_trader_hq.php . If bond traders are in big time, we should see a significant rise in bond yields across the board. That usually happens on significant stock market rallies but it did not happen today.
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