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Post# of 51872
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techcharter

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techcharter

Re: None

Wednesday, 09/05/2007 10:02:16 PM

Wednesday, September 05, 2007 10:02:16 PM

Post# of 51872
10 Yr Treasury Yield Poised to Rocket

The chart of the 10 yr Treasury Yield from July '06 looks like a flat correction. wave c is in 5 of 5.

The MACD double bottomed and looks to be be reversing. This indicates the yield will start moving up. Moving to 46 would break the upper down channel, ending the yield's downtrend. The stochastics have double bottomed and have been deep in the oversold area for most of the last 5 weeks.

A sharply rising yield will take with it resetting subprime ARMS, corporate debt, and a good chunk of China's US govt portfolio. Bernanke will be asking Volker for advice.

http://stockcharts.com/h-sc/ui?s=$TNX&p=D&yr=1&mn=6&dy=0&id=p79338901070
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