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Strategies & Market Trends : Galapagos Islands

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To: NOW who wrote (43117)6/27/2003 2:28:19 PM
From: Jorj X Mckie  Read Replies (1) of 57110
 
I would not be buying bonds right now.

I would be looking for the RSI to go below 30 and then give a subsequent bullish divergence.

stockcharts.com[r,a]daclynay[de][pc10][iub14!la12,26,9!li10,10!lh5,5!lp14,3,3][J14221647,Y]&listNum=1

In the short term, I don't consider 113 on the 30 year to be an unreasonable target.

I consider this top in bonds to be similar to the 1998 top in bonds. The 30 year lost more than 25% on that move.
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