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The 10 Year Bonds have
been resting on its 50% level for about 7 months now. Time is accumulating
and it isn't long before the 10 Year Bonds will be on its way once
again. My ephemeris tells me to watch out for the second week in November.
What is interesting is the
10 Year Bonds bull campaign we recently witnessed. Let's look a bit
closer at the campaign which had the bull market run up from the low
in January, 2000 at 92.63 to the 50% retracement at 93.98
as illustrated above in fig. 1.
This campaign took place over
88 days. By the ephemeris this calculates to 90 degrees. Notice that
throughout this whole campaign the 10 Year Bonds made consistant higher
bottoms all the way up. Here we are looking at a 2-day swing chart
generated by the HotTrader software.
This following chart is very
interesting. Here you can see the entire campaign from beginning to
end. One thing that really intrigues me is the fact that the campaign
had is major trouble when it was halfway, in time and price, of where
it was eventually going to end.
The following chart indicates
the important dates that are evident on the 10 Year Bonds chart right
now.
Happy trading,
Solomon Thallon
HotTrader, Australia
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