Thursday, November 16, 2006

T-bond Update


Here is an updated hourly bar chart of the December T-bond futures. I commented on this market just a short while ago.

As you can see the market is in the process of putting in a wide range downside breakout bar below 112-20 support. I think this means that the market is now headed for 111-16.

However, I still think that the bonds will trade at 115 before they trade at 110.

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