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:

I mean today's HOD reversal.

Yes, Al, now add on the downsloping set jarek showed that it hit, and see X marks the spot.

Originally posted by albert

jim,

Here is what I get, per your comments. Your call is awesome.

Good Trading,

Al Kamego

Click image for original size

If/when this 'lateral support' zone at 25.25 gives way, there is nothing but air below...

Well, there are the three ABCD levels below (16, 10, and 5, appx.), but nothing for others to see until 1290, which may drive this through to get to my 1280ish level, hitting all those 1290 stops... Just some thoughts.

Originally posted by albert

...I follow your charts and comments and you are certainly helping me to learn about trading...

I'm happy to hear that while learning myself I can help others to learn too

Mid 20's hits the lateral support, GLOBEX low, and a key line. Next stop, all aboard...

Bullish ABCD right here, in the GZ. Let's see what it does.

I can't imagine it doesn't bounce at least a little.

Here is what I get from your comments. X marks the spot. Cool!

Good Trading,

Al Kamego

I need a better imagination.

Originally posted by jimkane

I can't imagine it doesn't bounce at least a little.

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...