Wednesday, September 5, 2012

Just covered my ZN short @ 133-15+

Just another random churning morning session.  The early morning bell curve was a pretty little picture of symmetry today.  I'm not sure if the market will go higher or lower from i got flat just a tick below the mode @133-15+ (my avg sale price was 133-21+).

From here its a crap shoot.  The market could trade all the way down to the bottom of the bell curve...or we could go back up to test the highs.  Without more price discovery, its prudent to get flat, take profits and wait for the next high probability entry.  Perhaps today's 10yr buyback will provide another opportunity to sell new highs...that would be my favorite trade setup.

govttrader out...

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