Ten Year Notes – Futures……On the edge right now
Keep an eye on the support line for a possible breakdown / reversal which now approaches. The drama usually builds as the line comes into sight. Keep in mind that (generally speaking) markets that fall will see bonds rise along with the dollar and sometimes gold. So if equities are all red the notes will turn green since money always flows somewhere. The entire market does not fall together. That never happens. Something will rise and I am betting bonds will take off shortly.
But I could be wrong. Don’t trade according to my feelings!
The world economy is tanking! I suppose CB goofs can prance for a bit yet, but it’s over!
The worst things we imagine never happen when we expect them too. Markets are notorious for staying aloft longer than we believe possible and then staying down until we cry uncle and sell into terrible bitter lows. The only way I can handle what is happening is with the technical charts I publish that are guidance for what comes next. I can’t predict the future, but I can anticipate events if I know where the lines are.
Hey Farmer. Guys like me rely on guys like you to ring bells at the right time. I know it’s not popular among chartists, but emotion does not displace good judgement. A smart man knows to whom he should listen. I’d bet Fully would back me up on that considering his respect for Rambus. Here, a hush abides when Plunger speaks. I’ve been on the wrong side of these smart men a time or two, much to my regret. Yet I have faith! I always hope to get smarter with age, so blessings redound to those I love. Charts rule, but faith, hope and charity make the world go ’round!
Thanks Strider, that was a great message to wake up too. Cheers brother.