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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (39024)	10/16/2012 11:35:16 AM
From: GROUND ZERO™	Respond to of 218856

Yes, at least, and I think within the next 6 months, we'll see much, much higher, I see no real overhead resistance, and once I get a main model buy signal, I think this market is going to explode higher with no chance for the bears to exit safely... just my impression of that daily chart I posted here earlier this morning... this market had every opportunity to decline during the Sept/Oct time period and all it did was go sideways... GZ

To: SGJ who wrote (39024)	10/16/2012 12:15:43 PM
From: Keith Feral	Respond to of 218856

I don't think it will be long til the 10 year yields are retesting 1.8%. As long as the FED is printing new money, it's difficult for the dollar to go up for very long. Yields should move inverse to the direction of the dollar. As long as the 10 year stays above 1.66% this month, the monthly buy signal for TNX stays intact. Resistance is right around 1.87%, which is the level where the 10 year closed last year. If the 10 year takes out that level, financial stocks are going to go beserk. TNX is getting very close to a golden cross buy signal.