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Re: Mike_Mac post# 14155

Wednesday, 08/31/2011 3:27:04 PM

Wednesday, August 31, 2011 3:27:04 PM

Post# of 46542
Seeing TNX (10 yr) gaining momentum, but TLT (20 year) backing off and broke approx 10 day wedge. Thinking that TLT overbought and that we may be seeing some underlying currency moves (where big money is shifting large amounts of funds and creating divergences in the process). A place to look for that is if yen gains added strength. Just not sure. ALso, my TNX data nooks old (say off by 20 minutes). Otherwise, this just could be a fake out by the hedgies and trading programs to test support and catch everyone on wrong side of the trade...Mike

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