7/14/2009 12:04:05 AM
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the last move came off the 111 low on US or ZB
so the 10 point resistance came in at 121-00
next is a fib: the 38% retracement level of the 2008-2009 decline crossing at 122-02
Stochastics and the RSI are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 118-00 are needed to confirm that a short-term top has been posted.
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7/31/2009 3:16:28 PM
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the long bond is getting above the 20 and 50MA's with indicators coming off the bottom
20MA at 117-27
50MA at 116-24
on seasonals the long bond usually makes a low by august, and then goes up all the way until the end of the year!
UY !
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