Ten Year Note

Friday  28 December 2012

Exited position at 132.29 for a scratch trade.

Our rules had a short entry on increased volume and
a wide range intra day bar down.  When there was no
downside follow-through, and price still respecting
previous day’s low, actually making a higher swing low,
we are not willing to risk a position in this government-
driven market over a quasi-holiday weekend, when
anything can happen.

While price is at potential resistance, it is not moving
away from it, as would be expected.

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