Rare instance of a failed (weekly) periscope signal in TY futures. When it rains, is simply pours.- Best to leave this alone here for a while until a new trade pattern emerges. Even though I think the NFP was a game changer in selected trade correlations, I do not think that yields are about to embark on a major uptrend. A sideways market is one to be avoided.
07 December 2009
TY futures : Failed Signal
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2 comments:
T: wouldn't that be a bona-fide sell signal? The failure of a pattern is often times a stronger signal than when it acts as expected. Just wondering...
Yes it would. Except that I am so battered and bruised that I am not mentally strong enough to go short. Also, it looks to me like we are back into a previous congestion band ie non-trending.
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