Thursday, October 20, 2011


I think the fast rally from today's 1192.50 low means that the e-minis are headed for 1240 now and that 1192.50 ended the break from 1229.75.

1 comment:

Win said...

Here is a daily chart of the ten year note.$TNX&p=D&b=5&g=0&id=p12980502984

It is making what I believe is a bull flag. If you agree, and from your daily guesstimates it appears that you do, then why are you bearish on equities?

In the past you have explained that rising rates signal the market's expectation of future growth. Why is it different this time?