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Short term, however, into april, I am still bearish bonds.
Check gif: We have made a lower low after not being able to rise above the
last high. These two highs forming a "Hidden divergence" in STORSI,
indicating further downside movement.
Candelstick:The Wednesday top was a doji star (indicating trendreversal)
followed by a sharp sellof below the trendline A / 40 days moving average
and Friday with what could be labeld graveyard doji. Short time bearish
factors.
Perhaps we need 2 more tests of the 119 area before testing the low 117.12
of Mar 5/98, but I would not be surprised if we get there before joining
the bullish seasonal forces in April.
several fib time relationships points to a bottom in the Apr 6-9 area +
callendarday/tradingday counts from earlier tops bottoms:half a year since
the oct 5 /99 top 144/2=72 CD since the jan 29 top (more in the chart)
.
rgrds
Stig
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