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10 Year Treasury Update From Nic Lenoir

Tyler Durden's picture




 

Submitted by Nic Lenoir Of ICAP

Good morning,

Apologies for the extended silence as I was travelling in Asia. I will be back later with a broad update on markets as there is a lot to talk about. Quickly first in fixed income we have a potential evening star in formation. As can be seen on the 30-minute chart we are leaning on channel support, and a close below 117-19+ would validate the candle-stick pattern at the daily level. There is little divergence in the indicators but if this rally was a correction within the bear trend then it is often-times the case that the market reverses without much warning. 118-10 is the major resistance above, and 117-03 should be support here in the short-term. As long as 118-10 is not violated we keep an eye on the long term support at 114-01 now.

Good luck trading,

Nic

 

 

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Mon, 01/25/2010 - 11:52 | 205259 Hansel
Hansel's picture

"in fixed income we have a potential evening star in formation. As can be seen on the 30-minute chart we are leaning on channel support, and a close below 117-19+ would validate the candle-stick pattern at the daily level."

Jibberish.  Does this count as investing?  Is this proof that investing is dead?

Sat, 02/06/2010 - 17:23 | 220696 Anonymous
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espece de sac!

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