Thursday, September 21, 2006

T-bonds


Here is an hourly chart of the December T-bond futures. I last commented on this market here.

The market has reached the midpoint of the box which I thought would be the stopping point of the swing up from the 109-25 level. The next big move from here should be downward. I think that the market will drop into the 106-107 zone over the next few weeks.

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