Posted by: stockscooter | April 11, 2012

Treasury Bond Update

As you may recall from an earlier post, I said to be careful of a shakeout (downward) in the long bond interest rate market before it resumes the bigger upside breakout.  Well, the shakeout occurred as predicted and it did it by filling three gaps.  The chart shows the lowest gap filled almost to the tee.  We still have conflicting frequencies on a longer-term basis, which means they are battling.  So, sideways, non-directional movement can be expected, while we wait for the trend of the longest time series to signal upward and onward.


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