Thursday, August 30, 2012

ZN Mode shift -->134-04+

Normally, it would be too early to declare a mode shift, but the majority of the trading day has seen ZN revolving around 133-04+, in both time and volume, thus solidifying the new center of value, regardless of the movement in ES (S&P emini contracts) during the same time-frame.  For the moment, that should make 134-00+ too low.  This will be up for re-consideration come the London open tomorrow morning.

govttrader out...

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