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

To: John Vosilla who wrote (63992)	6/17/2006 8:13:38 PM
From: gregor_us	Respond to of 110194

Just a Simple Shorter-Term View Here on the TNX and the INDU. And that's this: Ten Year Yields and the INDU both got over extended, too far above their respective 200 dmas. The INDU has come down, and cracked the 200 dma, and is now rising again while the oscillators suggest we're still oversold on the INDU even after the rallies last week. INDU is going at least back to the 50 dma, if not higher. As for the TNX, it's still over-extended and needs to come down. Needs to get that 50 dma back down closer to the 200 dma. So bond prices are set to rally some here. Short-term conclusion: Both bond prices and stock prices are set to rally. LP