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Posted

Bulls will have a challenge getting into the Thanksgiving mood for sure.

 

Well then this won't help Bullz either....

 

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Posted

With Bonds blowing up all over the world (UK next?), thought it might be good time to have a gander at TY chart, which finally kicked into gear upside today after a slow start.

 

Even though this chart is not entirely accurate due to contract slippage over time, it still is a beautiful chart nonetheless, as it has ridden the weekly 72 trendicator like a champ after blasting outta da Huge Friggin' Base, while bond bears been calling for imminent disaster weekly...

 

The question becomes now, do we get a blowoff extension wave, or does the big bull run make a slightly higher divergent high here, and then turn tail?? Like I said earlier today, a lot of time frames starting to line up on 130 area, so below that area might be a good place to stop out. In the mean time, The USA may be the last man standing and we could get a parabolic panic blow before the music stops...

Posted

NYA SUBSTANTIALLY weaker than the narrower indexes and already back down to the August low area...

 

I see basically 2 possibilities here, some sort of inverse H&S pattern for an IT low, or full on extension crash type move down that obliterates the Oct lows and soon...

 

 

 

 

The same goes for the likes of HYG and JNK....

 

 

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