LG,
You wrote: Well for a intraday scalp, what the heck go with your own short term TA. I am expecting the TYX to continue back into the rising wedge. With an eventual break of the formation to the norm.
Now, the TYX is plotted in terms of rising interest rates (the bond selling off) at the MDA site. And you said, you expect a "break to the norm". For a rising wedge in, in a declining trend (the yield on bonds, in this case), one would expect yields to break to the downside for the wedge to "break to the norm", as you said. Is this your expectation. If so, this is counter-intuitive to rising inflation. Do you have any comments to make, with respect to your statement, my interpretation of your statement, and the prospect of inflationary pressures causing the bond yield to rise.
PS Two stocks I've owned and bailed on because of FEAR
CHKP @ 32 in early may (price objective 57)
ARX @ 14 in early may (PO now identified as 32)
learning has been very frustrating, because I'm not making money. But, I am getting better at reading charts and recognizing sound fundamentals with good growth potential. Eventually, fear will be replaced with confidence. Thanks for everyones input.
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