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Ben:
This time we have about the same number. On the weekly I have a price objective of 107-24. The target for the move would be 100+/-. That would mean near parity on the bonds and a better than 6% interest rate.
The only thing is that on the daily chart I have a target price of 109-04 and divergence at the lows. There is still downside pressure but it is way over extended. Looks like it could bounce from this level. To start a retracement up of any consequence price would have to reach 110-15.
Have a good week end. Ira.
www.thetradersguide.net
----- Original Message -----
From: Ben
To: realtraders@xxxxxxxxxxxxxxx ; ntt-list@xxxxxxxxxxxxxxx ; astrofin@xxxxxxxxxxxxxxx
Sent: Saturday, January 27, 2007 12:00 PM
Subject: [RT] us bonds
top chart shows weekly bars of the 30 year bonds
and the 4 levels of the perfect stop loss
the lower chart is the long term trading
it currently suggests that a trend reversal in bonds is due at about 107 price level
remember this is weekly bars
so it may take 6-8 weeks to get there
Ben
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