Tuesday, June 23, 2015

[$TNX.X] update

In the backlink I provided the hand scrawled chart model below.



Today's actual is below.  We got a nice a-b-c pullback to the lower rail pretty much as modeled and then a rapid vee style breakout back above the top rail - notice that the top rail was taken out by 3 of 1 of 3.  That's not a accident folks.

I expect to to really make time at this point as it should be a 3rd wave up.  Someone please tell Yellen to have an emergency raise of the fed funds rate even though she says the data is still weak because if she doesn't then even the most casual observer will begin to realize that the fed does not control these rates, the market does.   And the market looks good and tired of tying up its cash in low paying investments when there is the credible fear of Greek collapse leading to Euro zone collapse leading to global economic collapse.  I am not saying it must happen like this but you cannot ignore the rising odds of it as the Greecey end game draws near.


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