US10YY : Imagination Set Free

• Last 3.18%. What's possible from here?
• 3.11% is a very important chart-point (previous yield support) on the quarterly chart. We did bounce smartly off this once last week. Not ruling out further bounces from here to make life difficult for traders (as usual).
• (Monthly below 3.26% points the way down).
  
• But what if we manage to hold a close below 3.11% (bold purple line)?
• Technically, a run at the Dec08 low at 2.04% is a distinct possibility. (This is mental rehearsal for the seemingly absurd. Anything is possible!).
• Thoughts from an earlier post on 12Sep09 remains valid. Thus still want to run Risk Off trades in Rates in Core Book. Equities will come later, when technically proven.