Wednesday, March 02, 2011 12:59:58 AM
hi bubbleboy,
I think a probe long on bonds is worthwhile, but the current bounce may be short lived. I still think we need a little more time for the 30 yr to establish a bottom in this larger cycle, ideally due by June.
I will also be interested to see if the 30 yr will test last year's lows. Price held the 4.5 year VTL from the 2007 bottom.
I have added a small bond Canadian bond position recently, but won't add until we get a clearer view of this low we are looking for.
cheers,
john
P.S. What about oil? I have Hurst 40 week low (actual cycle 44/45 weeks) that likely came in late last month. A rally for several weeks is possible here, but then larger cycle lows are due late this year.
I think a probe long on bonds is worthwhile, but the current bounce may be short lived. I still think we need a little more time for the 30 yr to establish a bottom in this larger cycle, ideally due by June.
I will also be interested to see if the 30 yr will test last year's lows. Price held the 4.5 year VTL from the 2007 bottom.
I have added a small bond Canadian bond position recently, but won't add until we get a clearer view of this low we are looking for.
cheers,
john
P.S. What about oil? I have Hurst 40 week low (actual cycle 44/45 weeks) that likely came in late last month. A rally for several weeks is possible here, but then larger cycle lows are due late this year.
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