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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (7275)7/16/2001 10:57:15 PM
From: John Madarasz  Read Replies (3) of 209892
 
traders need to pay more attention to this too...

the 30 year bond just gave up the 200sdma today

stockcharts.com[w,a]daclnymy[dd][pb50!b200!a55.66!f][vc60][iUb14]

Here's where your volume is going JR. Money is leaving stocks and fleeing to bonds. As the yield goes down...bond prices go up. The $TYX is now about to crack the neckline of an H/S that rolled out of a rising wedge. Maximum wedge measurement equals the March lows of 52.16

got PIMCO?<gg>
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