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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (3161)12/11/2003 12:17:31 PM
From: Jim Willie CB  Respond to of 110194
 
the 10yr yield HEAD was 30.7 in June, clear as bell / jw



To: mishedlo who wrote (3161)12/11/2003 12:41:28 PM
From: Jim Willie CB  Respond to of 110194
 
the bull flag is clear from August to now on TNX, agreed
but step back for a 2-3 year view, and the upward biased NECKLINE is more clear

join the following points:
35.59 in Oct02
35.49 in March03
39.12 in Sept03
40.8 in Nov03

the impulse low of 30.74 in June03 is the HEAD

the reversal was signaled loudly in June with the bond revolt heard 'round the world
it hit USTrez, US Agencies, JapGB, and EuroBonds

thus confirmation of an upward biased longterm TNX view
and a reversal, manifested in a tilted H&S bull pattern

I found nobody agreed with my view of a bullish Head & Shoulders pattern with the Japanese Yen
it break out suddenly and violently

now, I find nobody agrees with my view of a bullish upward biased H&S in the TNX
many believe that a true H&S must have a flat neckline
that is not true
an upward biased H&S is an even more powerful bullish pattern

YOU SEEM TO IGNORE THE JUNE REVERSAL EVENT, MishMan
many called it the most significant bond revolt since 1994
/ jim