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

To: macavity who wrote (7004)	9/27/2003 2:52:49 PM
From: macavity	Respond to of 33421

A tale of 2 Ten Years. 10Yr JGB: share.esignal.com 10Yr Treasury:- share.esignal.com Despite this year's sell-off, Fannie and Freddie, and the price of cheese, the Bull Market in US Treasuries (UST) can be viewed as still intact. For JPY if yields can stay above (I think) 1.00%, I will remain LT Bullish as Monthly Charts are positive. Recently Monthly Chart in USTs have turned down. If 10Y UST can stay below 4% it would surprise a lot of the treasury bears. For USTs, the IT Bull Signal(http://www.siliconinvestor.com/readmsg.aspx?msgid=19236956) is still intact, and I remain bullish USTs while $TNX<4.324% $TYX<5.203% However for USD Yields IT Trend Oscillators are now o/sold relative to the LT Trend (which remains positive) so we should not be surprised if we see some resistance to their decline here as cycles re-assert themselves. Until the recent highs in US yields are taken out I will continue to maintain my depressionary (bullish) view on USTs. no positions -macavity