Wednesday, August 03, 2005

CLOSE UP OF THE 10 YR

It is impossible to call a top in yields based on this chart, IMHO

10 wk turning up, 50 WK flat. RSI is neutral MACD is rising. BANDS of ADX not at extremes.

But it could break either way anyhow. The daily doesn't show a reversal either

BUT point and figure chart shows what jmust happen. yields must rise to at least 4.6% to reverse bearish yields PO as shown.

Going below 4.0% on a closing basis would confirm lower yields.

2 more days and Friday, should shed light on our environment......

DOW? a move to 10,200 is a long way off, but needed to quell bullish juices.

OH Darling GOOG? turned bearish on P and F

Duratek

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