With the bearish case on Bonds being so touted recently I'm wondering whether it's not a big smokescreen suggesting that quite opposite may happen... Especially after looking at the following charts:

Watch 39 half if it gets there.

Of course watch the ABCD here first...

38 the next level lower I am watching. I'd think it is more likely looking for a spot in here to push up off of, though.

You mean exactly like that, Jim?

Originally posted by jimkane

...I'd think it is more likely looking for a spot in here to push up off of, though.

Bearish 'W2' ABCD here. Too funny. Back to watching that 48ish area next.

43 did produce quite a reaction. Watching 45 and change on the way to that 48ish area. Maybe it doesn't even get there. I just know where I want to watch as it hacks and chops around.

Originally posted by jimkane

43 here is a minor area, and 45 and change an area I will be watching closely.

Everyone see that tick chart TD in the Aussie?

I'd call that 48 area a 'semi-magnet' area. It wants it.

Wow, is it weak and hesitant in here. One thing I see a lot is when it is like this at a HOD area and it takes it out, it usually squirts up the chart, probably because the price action indicates lack of conviction, and hence less depth of market and liquidity in the area. Just a thought.

Just look at the oscillations in crude, especially since they are around a small bearish ABCD. No conviction. Great for scalping, though, I think. Everything is in a no conviction with upside bias scenario.

just traders trading..... if the red line green set on yesterdays close was to be valid,in the face of the insane last hour bullishness, then OUR TOOLS, AND NOTHING ELSE.... should have pointed to RISK OFF!!! in the face of the manipulation in the indexes.... i think they did their job.... and all the way down today... they said repeatedly trend day shooting for targets...