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Yet Another Learning Opportunity Regarding The Inner Game


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Re the dickarms. Any 10 day basis indicator (4 week cycle) is signalling a buy right now. Comes back again and again to this. Can't stress it enough. The periodicity of the indicator!!!! Too short for where we are in the cycles. We stoolies know this is a swup that will be overwhelmed by the cascading down of all other cycles.

 

Let the waterfall begin!

exactly, put it in context of the bigger pic and indicators. Its a gnat on the windshield.

 

Besides, none of the other indicators we saw in late Feb 02 (high p/c ratio, etc.) are present now. Completely different scenario now.

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Still short from the 16.75B expiring today.

 

Temporary Open Market Operations: 02/06/2003

Maturity Date: 2/7/03

Delivery Date: 2/6/03

The Desk has entered the market announcing: O/N RP

Temporary Operations Statistics:

Treasury Collateral Operation Agency Collateral Operation Mortgage-Backed Collateral Operation

Weighted Average Rate

1.272 NA NA

Stop Out Rate (Lowest Rate Accepted) 1.270 NA NA

Highest Rate Submitted 1.280 1.280 1.270

Lowest Rate Submitted 1.210 1.250 1.250

Total Propostions Submitted (In $Bil.) 32.650 5.750 3.800

Total Propositions Accepted (In $Bil.) 8.250 0.000 0.000

 

Total Money Value of Operation (In $Bil.) 8.25

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