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

To: John Pitera who wrote (44053)	2/21/2013 12:18:40 AM
From: Chip McVickar	4 Recommendations Read Replies (2) \| Respond to of 218559

Hello John... Yes, it is good to see Patrick posting... means he's still trying to finish Finnegans Wake. I use the UST - EOD weekly charts... My long term price targets have been completed. I had a target at 133.67 out of the lows in Feb 2011 at 117.98 ... price now rests below it. Fib 1.618 off that same low (and low of 127.24 mar '12) was 133.02 Going further back to low in April 2010 at 115.00... (and the same low 127.24) is a 1.618 = 135.13 So the upside has been captured. Anyone shorting off the 133-135 should do well until about 129... then I think its a dead for 2013. To me the FED has not lost control... Because I believe the commodity boom is over... Chip