Friday, 14 September 2012

US T-Bonds..Has the Bond bubble really burst?..or will we hold here?

This isa fork and its set of reaction lines that should be taken seriously......below 1 min micro time frame and 60 min. Remember this is just one fork +RL's and there are perhaps another 1 or 2 dozen or so in the daily/W/M TF's that should be drawn to understand the basics of market structure then I do a seperate chart study for the lower TF's of under 1 days.

The 'mirror line' method below shows that a break out is not yet confirmed but remains a possibility. I watch for the poke bar but must beware of a potential up trend failure. This is by no means a good trade yet so no position and i still suspect we could go lower perhaps to 140.00

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