Short Term Trading Member Forum

[techcharter]

Yield and Dollar Update

This week the dollar accelerated and has been in an exponential rise since late November '09. With such exponential behavior early on in the uptrend, many wave 1-2 at multiple degrees unfolding, a huge gap up / explosion is about to happen.

http://stockcharts.com/h-sc/ui?s=$usd&p=D&yr=0&mn=6&dy=0&id=p75635173805

The 10 yr Treasury yield still is in an uptrend, but the wave 1-2 combinations of multiple dgrees are not as many as in the USD.

http://stockcharts.com/h-sc/ui?s=$TNX&p=D&yr=1&mn=0&dy=0&id=p01010764051

Thursday's and Friday's action makes the late November- early December TNX/USD rally looking like a zigzag and not a motive wave. The falling ratio tells us the dollar is rallying faster than the TNX yield. The triangle count from June '09 I made in my last post needs to changed to a zigzag with a long triangle separating zig from zag. Over the next 4 weeks, the dollar rallies faster than the TNX yield. Then the yield rallies faster. Both should still remain in rally mode. The rallies should last 6+ months.

http://stockcharts.com/h-sc/ui?s=$TNX:$USD&p=D&yr=1&mn=3&dy=0&id=p29698879625