Daily chart forming possible bear flag now.- If yields don't trade up too much from here soon, the flag is pointing to 25 bp downside (assuming 3.25% top, then objective is 3.00%).
- [Addendum 02Dec09 9:10 pm : At 3.30% now, gone up a bit too much to look like a bear flag now. Another one bites the dust.]
02 December 2009
US10YY : Daily Bear Flag
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4 comments:
if this 25 bp to the downside is going to happen, what kind of action do you see in the equity and currency markets?
There is only 1 trade going on now.
the blue pill
btw .. I give up on the flag idea ..
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