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Central Missouri | Here is the daily 30 year chart with the macd attatched.
Remember lower bond prices mean higher interest rates.
http://www.agrichartsmobile.com/markets/chart.php?page=ccharts&sym=...
If the macd crosses to the downside we could see the beginning of a bigger bear market in bonds with a close below 114.
Now look at the monthly chart. Macd is still short with what I can see as a potential head and shoulders top. The monthly chart uptrend line is also crossing at roughly 110.
http://www.agrichartsmobile.com/markets/chart.php?page=ccharts&sym=...
Here is a potential play with a risk of max 2k per contract. Short on a confirmed macd cross lower on the daily chart. Add a contract on a close below 114. Add another with a break of the uptrend line off the monthly chart.
Will this all occur? I think the govt will fight it tooth and nail.
It is possible that the daily bond chart is forming a bullish head and shoulders. If yesterdays lows are taken out then imo that pattern will be terminated.
Edited by ehoff 2/4/2010 07:04
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30 year bond macd observations
