Tuesday, October 17, 2006

T-bond Update


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

I think the bonds will find support tomorrow near 110-12 and then embark on the third upward phase of the correction which started from the low at 110-07. This should carry the market upward to 111-12 and be followed by a break to 109-28 or so.

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