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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: STYK who wrote (14654)2/25/1999 10:11:00 AM
From: Ms. X  Read Replies (1) | Respond to of 34816
 
Hi STYK,

When looking into the bonds and interest rate arena to see if one will move lower (bonds) and the other higher (interest rates) we look at the TYX and the DJBB. The two usually move opposite of one another.
The TYX based and created a double top buy signal at the same time the Dow Jones 20 Bond average broke a double bottom and gave a sell signal. These two events at the same time clearly showed bonds loosing ground, yields going up and the interest rate likely to rise.

I hope that answered your question.