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Politics : Stockman Scott's Political Debate Porch
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To: mt_mike who wrote (16213)4/3/2003 11:08:53 AM
From: Jim Willie CB  Read Replies (1) of 89467
 
check the TEN yield chart out, Mikey

finance.yahoo.com^TNX&d=c&t=1y&l=on&z=b&q=l

is this a double bottom to you?
...(indicating higher rates coming)
or a descending bearish triangle?
...(indicating lower rates coming)

to me, this is really clear, a double bottom
with upcoming higher longterm rates and higher mortgage rates
but without a stronger economy to handle the rise

it could be a Head & Shoulder reversal pattern
a break above 4.2% would enleash the dogs to ravage the economy
the target would be 4.2% + 0.6% = 4.8%
the real estate sector will no longer support the stupidity of cashout REFI's to sustain the insanity of continued consumer spending

a shiny silver dime for your thoughts
of course, the dime token is only worth 3 cents
/ jim
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