Short Term Trading Member Forum

[techcharter]

Did Bonds Truncate?

The yield chart shows the yield to be extremely overbought. Today the Stochastic crossed the trigger. Confirmation should be made when the signal and trigger rise above the 20% line.

Downward momentum is slowing according to the MACD Histogram. That's the blue chart overlayed upon the MACD and its signal. Again, confirmation of the MACD and the signal to rise above the 0 line.

The bottom bollinger band ticked up, as if to prevent the yiels from fallinf further. Both bands are now in the pinching process.

http://stockcharts.com/def/servlet/SC.web?c=$tnx,uu[w,a]dacayyay[dc][pb50!d20,2][vc60][iLp14,3,3!La1....



The price chart for bonds since the June lows is advancing, but just doesn't have the 5 wave segments common to motive waves. Today's gap is in the wrong direction for an exhaustion gap. The downward force on bond prices may be too much to make new highs. Best bull count is today completed a consolidation, and one more run to new highs. The others are bearish

http://charts.barchart.com/chart.asp?sym=TYU4&data=Z60&date=071304&den=HIGH&evnt=off....