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


To: THE ANT who wrote (91318)2/8/2008 11:00:07 AM
From: Rarebird  Read Replies (1) | Respond to of 110194
 
That was an impulsive decline in the 30 year bond yesterday, and it closed below the lower trading band. When a market closes below its lower trading band, it will consolidate, then drop lower again to tag the band. By the time the market does that, the lower band will have extended further south.

Bottom Line:

This down move in the long bond is far from complete: