Thursday, October 18, 2012

Expecting UST to setup sideways in this area

I'm still waiting for an opportunity to buy UST (i was clearly too early in my attempt yesterday).  The gap has been closed between stocks and bonds in short term RV, and the recent capitulation of UST longs should create a space for fresh buying when the time presents itself.  However, its likely that the market will continue to move sideways for another day before a large buyer will come in and use a dip to buy the bottom of some days bell curve.  When that happens, I'm expecting a pretty chunky uptrade...but its hard to know exactly when it will happen.  I don't see another large downtrade coming up in the near i'll continue to measure the bell curve and find opportunities to buy dips.  Hopefully, that will allow me to catch the ride when the next large buyer takes a shot.  In the mean time, we'll just need to wait for tomorrow's center of value to show itself before we can calculate the bell curve.

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