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

To: Jim Willie CB who wrote (4275)	1/2/2004 1:45:32 AM
From: mishedlo	Respond to of 110194

I still maintain that this 3-yr TNX chart indicates higher longterm interest rates this is a clear upward biased Head & Shoulders bull pattern it indicates LT rates are heading to 5.5% in the next several months the right shoulder is about complete time for the jump very soon, like weeks enough of this secular price deflation bullshit it will be interrupted by a spate of 2-3 years of price inflation the Fed cannot get away with such rampant monetary largesse that should kill bonds, kill the US$, kill housing, kill consumerism, and lift gold It is interesting that you are bearish on longer term rates but not nearly so on shorter term ones. That is exactly the opposite of Forbes. IMO there is little chance he is right and a far better chance that you are. Mish