Thursday, April 08, 2010

CHART OF THE DAY


This chart has done nice job last 10 years calling 2007 top and buying opps at 2002 and 2009 lows. WILL be worth watching, important sector, and running against the trendline drawn from the previous highs.
It seems to be resisting a big move from here, will trendline hold back this push? STock action has given longs NO reason to worry, yet money is STILL pouring into bond funds and the 4% yield on 10 yr note was gobbled up....
D

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