But look at the MACD in Jan-Feb before the March bottom, and compare that to MACD in Aug-Sept. It was much higher the second time around, leading me to think that Bonds have had their run. They could get a rally again, but that would leave them in a highly vulnerable position. Also look at the stochastics leading to the October lows. That too, makes me think that the October lows had to to happen. The bounce in April-May led to a higher peak on MACD than we saw in Feb, but it's lower here in November than it was in Sept. So, I say that this is a sucker bounce that can easily lead to lower lows.
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