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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 (7942)	2/12/2004 6:31:14 PM
From: yard_man	Respond to of 110194

I disagree -- as far as technicals go -- I don't think that is a bull flag at all -- got to be in an uptrend in the first place and the 10 yr yield isn't yet. From a larger perspective -- you just don't see many bottoms formed in that fashion. Usually get at least one successful retest ... The chart is bearish for higher rates -- as the downtrend remains intact. I don't see any other interpretation from a technical POV. A break of 4.6 - 4.8 area would change things a bit

To: mishedlo who wrote (7942)	2/12/2004 6:39:44 PM
From: yard_man	Read Replies (1) \| Respond to of 110194

Bull flag is a continuation pattern -- is what I was trying to say -- not a reversal pattern: >>Bull Flags Technically speaking, a bull flag is a sharp, strong volume rally on a positive fundamental development, several days of sideways to lower price action on much weaker volume followed by a second, sharp rally to new highs on strong volume. Why Does It Happen? Bulls flags are favored among technical traders because they almost always lead to large and predicable price moves. Like all continuation patterns, bull flags represent little more than a brief lull in a larger move higher. Indeed, in many cases the flag pattern will actually take shape in the middle of the ultimate move higher. Bull flags occur because stocks rarely move higher in a straight line for an extended period, instead, the move higher is broken up by brief periods where traders "catch their breath". <<