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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (3024)	12/22/2000 12:54:14 PM
From: da_cheif™	Read Replies (1) \| Respond to of 33421

somtimes the indexll go sideways and let the 200 day ma catch up.....

To: John Pitera who wrote (3024)	12/22/2000 1:36:15 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Here are some current 10 Year Note Charts: piteraperspectives.com The bond and Note Market rally has Largely Unfolded as we have talked about here earlier this year. Here is a post from March 14 in which we were talking about the 2 year uptrend in yield breaking down, and then an Aug 17th chart looking for a further decline in yield, (rally in prices) due to the descending Triangle Pattern. This has been the YEAR OF THE DESCENDING TRIANGLE, I've seen hundreds of them in tech stocks and in many other markets, during the year. -------- Message 13200017 From March 14th The 10 YR Note Yield Chart is Falling out of it's Year-Long Uptrend in Yield. geocities.com. this coupled with the reversal in Crude, Biotechs and the major pharms shows that the Fed's Rate Increases are starting to take effect. John -------- Message 14229379 From Aug 17th Here is the 10 Year Note Yield Chart.... geocities.com short term we have hit a double bottom in yield at 5.72. this chart appears to be a descending triangle so this is bullish in the bigger picture, say next 4 to 6 months. But shorter term it would be very reasonable to see the yield move back to 5.97 and even back to the 6.17 area where we have bounced off several times. note that the 50 dma will also be coming down to the 5.97 area over the next week and the 200 dma will be heading down to 6.15-6.20 in a few weeks. right now the descending pattern does not look complete and a 3 wave advance in yield (decline in price) would create more symmetry. A break with volume and momentum below 5.72 would be very bullish for the notes and bonds generally and that should be what will occur later this year. John