Wednesday, March 18, 2015

[$TNX.X] update

It's crunch time for the TNX model provided in the backlink and reproduced below.

Below is the current snapshot.  Time will tell if this model holds.  This could still just be 3 of C with the rates to fall all the way down to fill the gap highlighted above.  But if this really is 2 of 3 then I would not expect such a deep dip.  The 50 is about as low as I would expect it to go in this situation.

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