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Will bonds bounce or go through? (re-send)



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This is almost a test to see if things are back in order on RT...

And this is a re-send, without the Gif file attached, as I don't think the
original made it!!

According to my charts, the failed Third Time Through, as I call it, has
allowed the market to rise from the Contract Low to the dizzy heights of the
top of the trend line from the Record High of early October last year.  Has
it risen far too fast to sustain a breakout and a decent northerly run, or
are we likely to bounce back and start the sharp move down?   Anyone any
thoughts, 'coz I don't think we are going sideways from here!!

The FOMC and the so-called Y2K factor would seem to favour as fast a run
back as up, on the other hand, the fact that the Stock Exchange has survived
the infamous October crash that never happened, might mean the bonds hanging
in there and breaking north.

All very interesting, eh?!

Bill Eykyn
www.t-bondtrader.com