Re: [RT] More on Bonds

[Dan Bloomquist <dan@xxxxxxxxxxx>]

The dollar could be a clue to the bond. No cause to get bullish considering
the fundamentals. Here are my charts, I'm using back adjusted futures.
Bond:
http://lakeweb.net/tmp/bond110100.gif
Dollar:
http://lakeweb.net/tmp/dollar110100.gif
Best, Dan.
Stig O wrote:

Now
it's getting REALLY interesting. We
started out with a monthly chart, then a weekly chart and then a daily
chart covering 10 months, all, in my opinion, indicating a Sep-Oct long
term top. Todays
chart, covering 1 month, is a VERY poweful hint that we are going down
hard. I have before
argued that breaks of Wedges in the "wrong" direction generates powerful
moves. Look at this pennant(Falling wedge) which is Bullish per definition. 1
It IS broken the on the wrong side2.
The day opened same as yesterday and closed way below yestaday, thus forming
a Bearish engulfing Candelstick3  We broke
the upper trendline in the pennant (textbook), but didn't follow through,
went just above yesterdays high but didn follow through - and as usually             
happens - failures are followed by volatile moves the other way. Today
we had 2 failures and watch the result!4 Look at the
volume - hardly bullish.5. Not only did we break the
pennant downside but we also broke the trend line from January 2000, which
has been touched 5 times!6. This break is also the
break of the large rising (bearish) wedge (on the "right" side...). Breaks
of rising wedges are usually followed by violent moves down.Taking
that into consideration + # 3 above. However,
I do expect (hope for?) a short move up to the small pennant's trendline,
which usually happens (we have a new day on Monday and several different
opinions will probably be witnessed after the weekend - election etc) -
perhaps the election result will be the driving force down? Who knows.OR
WAS *THIS* ACTUALLY THE FOOLER THAT WILL DRIVE PRICES THROUGH THE ROOF?!!hmmmm stig  
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