Tuesday, October 2, 2012

From the Market Profile standpoint - we are still random

All this talk of cyclicals and surveys seems to be distracting from the main theme of this blog...which is market profile and bell curve trading.  The market is still random and tied to a center of value..which for the moment is 133-18+ in ZN.  I still expect that level to reign in the market today.  If we happen to get to the other side (top) of the bell curve today, know that I will be selling it.  We are in the cyclical portion of the month where UST strength is to be sold.

If the 10/30 curve flattens in this process, then my sale will probably take place in the 30yr bond.

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