I think bulls have yet a chance to make new highs kissing the
broken trendline. Rigth now, still looks like a triangle formation.
Plus TBT go down too fast, so it could bouce breaking a nice
downtrend channel.
well
gfrieden, here's the $TYX 30 year bond yield chart that I had in
last nights update and posted here on the blog. As I said, it
has major support at the horizontal line.
If it rallies strongly enough, then yes the market could go back
to new highs.
Possible leg up?
Posted by gfrieden on 2nd of Oct 2009 at 01:03 pm
I think bulls have yet a chance to make new highs kissing the broken trendline. Rigth now, still looks like a triangle formation. Plus TBT go down too fast, so it could bouce breaking a nice downtrend channel.
well gfrieden , here's the $TYX
Posted by matt on 2nd of Oct 2009 at 01:10 pm
well gfrieden , here's the $TYX 30 year bond yield chart that I had in last nights update and posted here on the blog. As I said, it has major support at the horizontal line.
If it rallies strongly enough, then yes the market could go back to new highs.
$TYX 30 year Yield dynamic chart
bounce perfectly there!!! At this point
Posted by gfrieden on 2nd of Oct 2009 at 01:21 pm
bounce perfectly there!!!
At this point I'm not sure if we are goig to sell off or make new highs. so I am going to use that old "adagio": ..."in systems we trust"