With the bearish case on Bonds being so touted recently I'm wondering whether it's not a big smokescreen suggesting that quite opposite may happen... Especially after looking at the following charts:

Originally posted by rat89

and it turns down at 447

Couple of more points to the downside and you may use me as contrarian indicator at least for the rest of the day

Originally posted by jimkane

Wild A#% Guess.

You should add it to KT terminology

29 and stops next?

Okay.

Originally posted by jarek

Originally posted by jimkane

Wild A#% Guess.

You should add it to KT terminology

Careful here.

886

Why, Jim? GZ, with serious flushing possibilities below the LOD and GLOBEX lows. They know this.

Originally posted by jimkane

Careful here.

29.25 so far. I'll call that one 'played out as expected'. Now we see if that will be enough for them, or if they go for the 'big' stops at 25.25.

Originally posted by jimkane

29 and stops next?

I think they want to crush this. I'm staying short-side bias here and letting this do its thing.

Originally posted by jimkane

... I think we go to new highs for the 'bull' from here. Why? I don't think there is any chance this follows the same pattern as last time. New highs would fool a lot of people in here.

Kind of "I know that you know that I know" reasoning is also possible here. If it's too obvious it may not be that obvious at all (at least in the markets)

just traders trading..... if the red line green set on yesterdays close was to be valid,in the face of the insane last hour bullishness, then OUR TOOLS, AND NOTHING ELSE.... should have pointed to RISK OFF!!! in the face of the manipulation in the indexes.... i think they did their job.... and all the way down today... they said repeatedly trend day shooting for targets...