I believe when the 20WK of this ratio turns down through the 50WK in earnest, we can stick a nail in the cyclical bull market. As you can see it correctly called the beginning of this cyclical bull it is then good enough to help us see the end of it along with our other tools.
ABove you can see the10 yr Treasury chart, andno wonder it has been hard to figure out where it is going. SInce 2004 the 20 and 50 wk have danced with each other converging but hasn't yet tipped its hand.MACD is trying to turn up from below zero, usually a bullish occurance (for this measure we mean higher rates) Just my humble observance.Duratek
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