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On-Time Update 9/8/4


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#1 TTHQ Staff

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Posted 08 September 2004 - 10:32 AM

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Christopher Carolan, Editor On Time Update 8 Sepember 2004 10:15 AM EDT

BUCK THE BONDS

The dollar is showing indications of making a rally, though that may be a shallow rally. We have noted over the past years that the most dramatic element of dollar rallies are the accompanying bond market declines. On Friday, the weekly bond trend went neutral from up. The daily trend went to neutral that day as well, and then on to a down reading yesterday. These events occurred within the context of a Spiral Calendar time window hitting right now. That time window was calculated as September 5-8 by my manual method and as September 7 by the algorithm software. The sum of this information indicates a short position now. Move to short U.S bonds basis the December future (now 109 27/32) at the market. Place the stop 1 point above the entry price.

Stocks are giving indications that they are ready to turn lower here. Our own Tricks Index is shown as one example. I am going to await more concrete evidence of a reversal before initiating a short sale.

Pay attention to the trends! How valuable is the trend information that is updated nightly on the website? The daily gold trend went negative on Thursday night, and gold is now down over $10. in less than three sessions!

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