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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Jim McMannis who wrote (49862)4/19/2006 12:37:43 PM
From: sitkapacific  Read Replies (3) of 116555
 
short term yes but longer term looks like 5.7% or 5.8% on the 30 year is needed to take out support going back 5 years?

Hi Jim,

I would argue that 5.7% on the 30-year would usher in a whole new trend, unless it was a massive headfake. Here is a chart from 1980:

stockcharts.com[w,a]maclynay[d19800101,20061231][pf][J71009368,Y]&r=630

We are at the point now where we either make a turn and keep the long-term trend alive, or we break out and begin anew.

Brian
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