Wednesday, May 11, 2011

Rates Update

Not really my thang but can't resist...
30 yr Daily
click to enlarge
A classic double zig zag with equal legs retracing .382 of the preceding leg down.
A pretty good bet it gets another leg down, at a minimum, from here.
The reason this is of more than usual interest, is of course the massive head and shoulders set up; see 

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