Replies to post #51913 on ajtj99's Market Pulse

[JMKel]

Hmmmm.....

Unbelievable stuff going on. This is going to give Greenspan and even bigger connundrum to chew on.

34 ?? That would be a conundrum inside of a conundrum.

[pstuartb]

TNX bounced off the lower b-band on the monthly:

http://stockcharts.com/def/servlet/SC.web?c=$TNX,uu[r,a]mhclyyay[pb50!b200!d20,2!b20!f][vc60][iut!ub...

[jrintl]

STill thinking this gets to 2160?

[challo]

aj -

wrt I still can't figure out why the TNX stopped where it did today at 38.03-


In addition to pstuartb's BB's, I found this weekly chart of the tnx interesting -

http://www.ttrader.com/mycharts/display.php?p=34415&u=challo&a=challo%27s&id=1399

[finally]

I'm sure our friends from overseas with the deep pockets and insatiable thirst for US Bonds had a hand in the matter too:

http://tinyurl.com/9y6jl

[Must Be Patient]

AJTJ, maybe this is too simplistic for you guys <G>, but the 30-year appeared to fall hard from resistance at the big June 2003 top. Perhaps its reversal led bonds lower in general.