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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo	8/19/2013 10:32:45 AM
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TBonds/TLT continuing their steady fall from last year's highs and have entered the area of the 2009-2011 lows… The conventional wisdom is that such a steady rise in bond yields and long-term interest rates is a negative for equities…That does not seem to have been the case over the past year, however, except possibly for such prime interest-sensitive areas such as Utilities,.. The weekly chart appears to have formed a bearish triangle pointing to further losses, with a measured move into the 90s..Next S areas at about 100 and 95..

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