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techcharter

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techcharter

Re: None

Thursday, 04/07/2011 10:38:18 AM

Thursday, April 07, 2011 10:38:18 AM

Post# of 51804
US 30 yr Bond E-wave

A sell off motive wave started from the August '10 top and finished in February '11.

The rest of February '11 and half of March '11, the US 30 yr bond rallied in a textbook zigzag pattern.

At this point the US 30 yr bond can spend more time correcting in sideways trading, OR sell off. Should the price drop below $117.09, the end of the motive selloff, it will depend on the wave structure if another motive sell off is underway because the correction could be a flat.


http://stockcharts.com/h-sc/ui?s=$USB&p=D&yr=1&mn=0&dy=0&id=p23686214274
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