Friday, November 01, 2002 5:51:01 PM
TNX (10yr TrezYield) might be showing bullish signal
not your customary type of chart to examine, eh?
(just practicing my Canadian)
some items of note:
20MA is making a bullish cross now over the 50MA
strong run from October 35.6 low enjoyed pullback here
finding support from 50MA here at 39.5
somewhat early to tell if higher yields will be seen
some gaps to be filled possibly, below current levels
vague signal with RSI at midrange 50
daily stochastix is still dropping
I could imagine a bullish trendline in that daily stochastix
nothing wrong with wishful thinking, but I dont claim it yet
a momentum slingshot swing upward would have target 46-47
just worth a look though
/ jim
not your customary type of chart to examine, eh?
(just practicing my Canadian)
some items of note:
20MA is making a bullish cross now over the 50MA
strong run from October 35.6 low enjoyed pullback here
finding support from 50MA here at 39.5
somewhat early to tell if higher yields will be seen
some gaps to be filled possibly, below current levels
vague signal with RSI at midrange 50
daily stochastix is still dropping
I could imagine a bullish trendline in that daily stochastix
nothing wrong with wishful thinking, but I dont claim it yet
a momentum slingshot swing upward would have target 46-47
just worth a look though
/ jim
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