Never try to catch falling knives
Posted in Finance on February 27th, 2006 by Sacha PeterThis is a term in finance which says “If you see the chart rapidly descending, wait until it’s bounced before you even consider getting in”. It usually takes courage to catch falling knives, but sometimes you get your hand really bloodied up.
In any respect, we’ll see if this trade works on the June 30-Year treasury bond future, I set the trade parameters before the opening of business in today’s trading session:
I don’t like holding these things overnight, but my expectation tomorrow is that the long bond will rise as the yield curve continues to invert.