Wednesday, June 09, 2004 8:02:18 PM
Bond yields walking a fine line.
The bollinger bands are very close. The yield is moving unobstructed, upward along in the upper channel. This indicates a dramatic move ahead, and possibly to higher yields ( a bond sell off). The stochastics indicate a bond rally ahead.
Wave count is tough. See www.elliottwave.com for free 1 week subscription. The Short Term Update features a commentary about the bonds.
The bollinger bands are very close. The yield is moving unobstructed, upward along in the upper channel. This indicates a dramatic move ahead, and possibly to higher yields ( a bond sell off). The stochastics indicate a bond rally ahead.
Wave count is tough. See www.elliottwave.com for free 1 week subscription. The Short Term Update features a commentary about the bonds.
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