Friday, March 23, 2012

Has the Bond markets topped out?

The Bond markets were in the news recently as it dropped sharply last week,  as long term Interest rates spiked up, right at trend line support at the Friday 3/16 CIT (change in Trend), We bottomed 1 TD later on Monday 3/19. It has key Down trend line resistance at 138.00, and declining daily, a close above which is bullish. 
However, a drop below the recent 3/19 Lows at 135.05 would be bearish.

Other Daily CITs to watch are: 3/28, 4/12, 6/12, 6/27, 6/29

There is a regular 93 week Cycle in the Bond market, which is next due around the 7/13/12 week.

The Monthly Bonds is in a long term (Red) Up channel. There is a 73 Month cycle due in February 2012, but may have shifted into a 75 Month cycle due in July 2012.

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