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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jon Koplik who wrote (7160)7/16/2005 5:37:38 AM
From: macavity  Read Replies (1) of 33421
 
"Most bond forecasters pay far too much attention to cyclical forces, while ignoring the big secular picture,"

I agree.
The secular technical picture is bullish, and even the cyclical one is at the moment.

For yields - quarterly charts are falling and Monthly MACD-Histo is declining.

Yields may still have some way to go on the upside, but for $TNX we are now (just) overbought. I am looking at a bear cross (yields) in Daily MACD-Histo as a signal to buy bonds.

-macavity
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